Awards season gets us excited for one thing: fashion. But gone are the days of fashion risks and swan dresses; today’s Hollywood celebrity is all about polish, flattering silhouettes and floor-length gowns.

We present our Best Dressed at the Oscars, The Bad and the Ugly, and our favourite looks from the Oscar after parties, where dresses were a little more interesting.

Best Dressed at the Oscars

From left to right: Octavia Spencer in Tadashi Shoji, Gwyneth Paltrow in Tom Ford, Meryl Streep in Lanvin, created in eco-friendly materials, Emma Stone in Giambattista Valli, Natalie Portman in Vintage Dior (from 1954!), and Glenn Close in Zac Posen (way to rock a blazer on the red carpet!), Berenice Bejo (from The Artist) was gorgeous in Elie Saab, Maria Menounos in Maria Lucia Hohan, and Michelle Williams in a stunning red Louis Vuitton.

Honourable mentions: Jessica Chastain in McQueen (loved the top half but thought the bottom should have have been more simple with no embroidery), Oprah in Theia, Rooney Mara in Givenchy (a little to blah, but she looked beautiful), Rose Byrne in Vivienne Westwood, and Tina Fey in Carolina Herrera, because she looked great and we love her.

 

The Bad and The Ugly

Angelina Jolie’s (left) sickly thin arms and legs were hard to miss in this pretty, velvet Atelier Versace gown. We want more Lara Croft and less skin and bones, please. Nice arm candy, though.

Kelly Osbourne (middle) disappoints in a Badgley Mischka gown. Her hair colour is a mess and we’re not fond of the neckline or sleeves.

Viola Davis (right) in Vera Wang. It pains us to add her to this list because we love her and the top half of the gown isn’t bad, but the bottom half is awful. Is that a tear in the skirt or is it on purpose?

 

Vanity Fair and Elton John Oscar After Parties

The Oscar after parties are the place where stars take more fashion risks. See below for some of our favourites from the Elton John Foundation party and Vanity Fair’s annual do.

Dita Von Tesse (left) is all glamour in Jenny Packham. Style note: the collar and cap sleeves could make an interesting sari blouse.

Katy Perry (middle) in Blumarine. The blue hair has to go, but this interesting dress is a winner.

Nina Dobrev (right) is slightly gothic in J. Mendel, straight from the runway.

Tom Ford (right) in a sexy navy velvet tux jacket. Take inspiration from the velvet trend (also seen on Angelina Jolie), and pick up a velvet blazer for your wardrobe.

Sophia Coppola (middle) in YSL. Jumpsuits can look like a onesie on the wrong person, but Sophia rocks this look paired with a belt and cuffs.

Lily Collins (right) in Monique Lhuillier is a vision in nude netting and blue embroidery.

Jennifer Lopez (left) in Zuhair Mohad. A plunging neckline, peek-a-boo back, strong shoulders, beading, and lace make this gown one of our favourites of the night.

Kate Bosworth (middle) in Prabal Gurung is stunning in a net and beading embellished dress.

Victoria Beckham (right) in her namesake dress, with some serious arm candy. Love everything about it/them.

Get the look: Read our story on how to get Gwyneth Paltrow’s red carpet look here.

Images: Getty Images, Associated Press, JustJared.com, Zimbio, Fashionista.com, and NY Daily News.