>> Just a week after Derek Lam dropped hints about wanting to do a high-low collaboration comes the announcement that he's joining forces with eBay for an exclusive ready-to-wear collection, to be unveiled during New York Fashion Week in February 2011.

EBay has teamed with Norma Kamali and Narciso Rodriguez for capsule collections in the past, but Lam's collection brings a new element: after the unveiling, eBay will essentially crowd source which designs to produce by inviting shoppers to vote for their favorites on eBay.com. The favorites will make up the final collection, which will be available for purchase in May at "accessible," fixed price points, exclusively on eBay.

It sounds like the eBay collaboration is just a warm-up for Lam: he's planning an inexpensive line for launch at the end of 2011.