While in Spain to promote her Let Girls Learn initiative, the First Lady took a midday stroll around Zarzuela Palace with Queen Letizia while wearing an $860 Delpozo White Cape-Back Cotton-Blend Matelassé Dress. This cotton-blend matelassé midi dress is designed with a cape-effect cutout back that shows off just the right amount of skin. This pristine white style is finished with side ties and falls to a full skirt, creating a flattering A-line silhouette. The First Lady always manages to exude class and elegance with whatever she wears. From state dinners to strolls around palaces, Mrs. Obama rarely, if ever, disappoints stylewise. But at $860, do you think it’s worth the splurge? Well, if you need to channel your inner FLOTUS, you can shop the dress here. What do you think of Michelle Obama’s daytime ensemble?