Pop sensation Lady Gaga wowed bidders at an exclusive auction of haute couture clothing by snapping up an item made under the Alexander McQueen fashion house for an incredible price.

Style icon and socialite, Daphne Guinness, was auctioning items from her personal collection to raise funds for the Isabella Blow Foundation, which she set up in memory of her close friend after her death.

The auction’s purpose was to launch and raise funds whilst supporting new and emerging talent in the sphere where art and fashion meet – a realm championed by Guinness. 

Britain's Associated Press reports that Gaga used her phone to make bids on a stunning 2008 ivory silk gown that was put up for auction by Guinness on Wednesday, June 27 and was lucky enough to win it for the impressive sum of $136,400 (£85,250).

Of the auction and of the 'Born This Way' superstar's involvement, Guinness said: I'm overwhelmed by how many bidders took part... and I'm particularly moved by Lady Gaga's support for the foundation."

"I like her very much, and it's lovely to see the nascent beginnings of something that may help other people."

AP added that the whole auction raised $747,200 (£467,800) for the Isabella Blow Foundation, which was set up in memory of the late fashion guru.