Rent the Runway unveils 5-year anniversary collection

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Rent the Runway - Monique Lhuillier Triumph Gown ($400 rental, $3495 retail)

The fashion site which lets you rent or buy runway pieces has unveiled a 25-strong capsule collection to celebrate five years in the business. 

The 5Y collection is a celebration of all things Rent the Runway, which arrives five years after the company first launched with its innovative proposal: why buy when you can rent? 

Of course you can also purchase the luxury items on offer, and this capsule collection is no different, with 25 pieces from some of fashion's biggest names, all available for rental or retail. 

Monique Lhuillier has created four scarlet red gowns and dresses, Marchesa Voyage worked on four pieces in navy blue (including a slick jumpsuit), designers Mark Badgley and James Mischka stuck to gold and inky black for their three gowns, and their top and skirt, and there are more dresses and gowns from the Lela Rose and Christian Siriano labels. 

For accessories, jeweler Kenneth Jay Lane designed two special cuffs and a bracelet while there's also a trio of choices from Oscar de la Renta made up of a ring, necklace and earrings. Prices range from $50 to rent a Kenneth Jay Lane Wisteria Cuff to $4995 retail for gowns by Lela Rose.