Rocking the Red Carpet: My Favorite Looks

My favorite red carpet looks thus far from the Academy Awards....

Gwyneth's white ensemble has stolen my heart.  The simplicity of her look creates a chic effect- the cut and drape of her gown is utterly flawless.

Michelle Williams graced the red carpet in a Louis Vuitton red gown.  This is old Hollywood glamour at it's best.

Kristen Wiig's frothy gown with a tulle train is beautiful.  I tend to love neutral gowns on the runway, and Kristen's simple hair and makeup allow her true beauty to shine.  I also love her ombre hair color!

Rose Byrne managed to pull off a sequined one-shoulder dress.  This could have easily turned in to a prom dress gone wrong, but the slim cut and black tone balanced the sparkle with just the right amount of class.

Guiliana Rancic graced the red carpet oh-so-elegantly in a sparkly white gown.  The sleeve detail is my favorite element.

What are your favorite red carpet looks?  Who do you think will win Best Picture?  Is it horrible that I secretly hope it's Bridesmaids?

{Images via Huffington Post}