Elsa_Schiaparelli.jpgIt's official. The Metropolitan Museum of Art in New York has announced that next spring's Costume Institute exhibit will be "Elsa Schiaparelli and Miuccia Prada: On Fashion." To many, this may seem a bit lackluster after the show-stopping Alexander McQueen exhibit last year, but as we reported when rumors began in August, Schiaparelli exhibits in other cities have proven popular, and Prada is certainly one of fashion's most celebrated designers.

The theme of the exhibit will be "a conversation between Elsa Schiaparelli and Miuccia Prada."

"The thing about Prada is she always seems a heartbeat ahead of taste, but by transgressing, she moves contemporary society into a new aesthetic," Harold Koda, curator in charge of the Costume Institute, told WWD. "Schiaparelli did the same thing, but in the same way as anyone who breaks ground and becomes accepted, it suddenly then seems normative. I think people will leave with a sense of how provocative both women have been and really are."

Of course, for many the most exciting part of the Costume Institute is it's annual gala, so let's get to the deets on that. Carey Mulligan, Miuccia Prada and Anna Wintour will be co-chairs with Jeff Bezos, founder and chief executive officer of Amazon.com which will underwrite the exhibit. The benefit will be held on May 7, ahead of the May 10 opening of the exhibit.