Any Old Hollywood Diva knows that OSCAR night is THE most important night! Here are my TOP FIVE FAVORITE RED CARPET DRESSES!
#5: Octavia Spencer – Everything about this dress screamed WINNER. It was so perfect for her body type and you could tell she felt comfortable in it. When she was giving her acceptance speech it sparkled just like her!! Divine!
#4: Stacy Keibler- Everything from her hair to her makeup was stunning. She was not too-over the top and the silhouette of this dress made it perfection on her! The perfect trophy to a leading man! 
#3: Penelope Cruz – CLASSIC OLD HOLLYWOOD! This is what an Oscar dress should be. Her hair and accessories complimented the dress. It is a look that will never go out of style! I wish it was a different color — but it was reminiscent of Grace Kelly.
#2: Kristen Wiig – A lot of stylists and fashion Gurus have been saying that she could have dressed this up more and looked too plain for the Oscars. I disagree. I thought she looked SO CHIC!! You can tell this was her style and she pulled it off 100%! I love the fit of the top and the way the bottom flowed like feathers. I also thought the color made her stand out among the glitz.
#1: Michelle Williams – This was the dress I woke up this morning still remembering. When I first saw it I thought RED! But then it came about that this was a CORAL! It fit her little “pixie” look perfectly. Loved the structure of the dress and how the whole looked screamed “Classic, timeless elegance”. Well done!
The Vanity Fair party is another STYLE EXTRAVAGANZA that should also be taken note of. I broke down my top five FAVORITES of the night!
#5: Claire Danes – Another coral hue that made an appearance that night. Love the top of this dress but not 100% crazy about the bottom. But she pulled it off and made it look oh-so FAB! Her simplicity of accessories and hair also made the look!
#4: Cameron Diaz – While her Oscar gown was definitely an honorable mention, her orange dress for the Vanity Fair party was a little more “Cameron Style” for me. LOVED the tangerine color and how this dress zipped up the back!
#3: Selena Gomez – Yes, she does look WAYY too old for her age. BUTTTT — doesn’t Hollywood age everyone? I thought she looked absolutely FANTASTIC. This girl can really do no wrong with her style! She knows how to turn some heads.
#2: Rosie Huntington-Whiteley – A true icon can never go wrong wearing RED to any Oscar event. Rosie nailed it with this chic dress and hair in an elegant ponytail. LOVED the cut of this dress too — the cap sleeves were perfection! Would have liked to have seen maybe a little more pop of an earring but this look was truly iconic!
#1: Elizabeth Banks – This dress FASCINATED me! Not many people could have made this work for an Oscar party – but Elizabeth did! An eye catcher! Everything from her jewels to her hair made this a WOW dress. I loved the feathers and the long, sheer sleeves. This is something I could have seen Audrey Hepburn or even Judy Garland working.
Photo Sources: StyleBistro, Zimbio, and CatWalkQueen