Weekly fashion buzz: Lady Gaga's new video, 90 Alexander McQueen pieces for auction, Courtney Love's affair with Kate Moss

Catch up with fashion news from the week ending May 21 with these links.

The Council of Fashion Designers of America has unveiled its Fashion Incubator, a New York space leased to young and promising designers including Prabal Gurung or Waris Ahluwalia at discounted prices to give them the opportunity to develop their collections. ( HuffPo)

Next season's winner of America's Next Top Model will bag a cover appearance on Italian Vogue, instead of the previous Seventeen. This upgrade is thought to be the work of new judge, US Vogue's editor-at-large, André Leon Talley. ( NY Post)

American Apparel's stock market value dropped by 40 percent on May 19. After its 'butt casting,' harmful nail polish, and with the general unpopularity of Terry Richardson-thinkalike, founder Dov Charney, the industry can't hold back its schadenfreude. ( Fashionista)

The first still of Lady Gaga's Steven Klein-directed music video to Alejandro leaked on the web, bearing a striking resemblance with a past Klein shoot for W. ( Styleite) Another fashion blog was harsher, comparing Gaga with Mr Burns from The Simpsons. ( The Cut)

Tyra Banks has signed with the IMG modeling agency, meaning that the supermodel and media mogul will most probably appear on magazine covers in the near future. ( Fashionista)

Designer Joanna Sykes is the new creative director of Aquascutum, succeeding Michael Herz and Graeme Fidler who left for Bally in April. Sykes' first collection for the brand won't debut until February. ( WWD)

The upcoming Pitti Uomo show in Florence, kicking off in June, will see designer Haider Ackermann's first menswear collection. ( WWD)

Isabella Blow's collection of 90 Alexander McQueen pieces, 60 Philip Treacy hats, and Manolo Blahnik shoes will go up for auction in September. ( WWD)

The interactive lookbook for the Eres swimwear collection, shot by Karl Lagerfeld, is now online. Models, clad in Chanel, can be undressed to their swim ensembles at a mouse click. ( Eres)

Courtney Love claims to have had a steamy affair with Kate Moss. ( Vogue UK) In related news, the model's latest collection for Topshop is now in stores. ( Topshop)

A style.com interview with Lanvin's Alber Elbaz has enchanted the fashion world. Among other refreshing statements, he stated: "I prefer being relevant to being cool, because if you're cool, you're also cold the next day." ( style.com)