Tuesday marked an excited day for all fashionitas on a budget: the launch of Versace for H&M!

Held at the H&M on Hudson in NYC, celebrities gathered to celebrate the collection of high fashion clothes at affordable prices.

Those in attendance included Blake Lively, Uma Thurman and Ke$ha.

Some stars such as Selma Blair, Alan Cumming and Jennifer Hudson even sported some of the new duds themselves!