The red carpet at the Oscars might not have had the same shock value as  some other red carpet events (ahem—Lady Gaga at the Grammys for  instance) but as far as Hollywood’s biggest night of the year goes,  it  was a feast of swoon-worthy dresses from the past year’s leading ladies.  We round up our  favorites from last night:  	
 
 Photo: Retna  
Camila Alves accompanied boyfriend Matthew Mconaughey in your not-so-basic black dress by Kaufman Franco.  	
 
 Photo: Retna  
Gwyneth Paltrow was a golden girl last night in a metallic dress by Calvin Klein.  	
 
 Photo: Retna  
Cate Blanchett stepped out in a pale lilac dress from the lauded  Givenchy couture collection. We love Cate, we love Givenchy, and we love  them even more together.  	
 
 Photo: Splash News   
Mila Kunis is drop-dead gorgeous in this classy Elie Saab couture dress with serious sex appeal.  	
 
 Photo: Retna  
Hailee Steinfeld strikes the perfect balance between age-appropriate and red-carpet-ready in this tea-length gown by Marchesa.  	
 
 Photo: Retna 
Jennifer Hudson shows off a smashing new figure in a pumpkin orange  dress by Atelier Versace. Such a bold hue is  a guaranteed attention-grabber.  	
 
 Photo: Retna 
Aishwarya Rai brings the Bollywood glamor to the Oscars in a bronze dress by Giorgio Armani Prive.  	
 
 Photo: Retna 
A crowd favorite, we love the trompe l’oeil effect of this dress on Mandy Moore by Monique Lhuillier.  	
 
 Photo: Retna 
Natalie Portman  looks every bit the glowing mom-to-be last night in a beautiful purple gown by Rodarte.  	
 
 Photo: Retna  
Reese Witherspoon reminds us of the original Barbie, with her bouncy  ponytail, fresh faced make-up, and sleek mod gown by Giorgio Armani  Prive, we love this retro look.  	
 
 Photo: Retna  
Sandra Bullock looks gorgeous in a classic red strapless gown by Vera  Wang. While we’re all for experimenting with fashion, Sandra shows us  that sometimes a look is a classic for a reason.