>> INSIDER WIRE —When Michelle Obama wore Jason Wu for a Barbara Walters interview, she bought the dress at cost, for a little less than $1,000. For the inaugural ball, it was different, however — he was not paid for the dress Michelle ended up wearing or two more colorful options he had submitted for the occasion. Instead, he made them with the understanding that one of the dresses, if worn, would be donated to the Smithsonian Institution because “it’s priceless to be a part of history." Not to mention the increase in visibility — his website received a record 4 million hits Wednesday. [NY Times, FWD]
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