By Leah Ornstein - Breaking Celebrity News Style & Beauty Editor

The Academy Awards is the most important event of awards season – in more ways than one.

After months of looking at gorgeous designers gowns, hot heels, sparkling clutches and ridiculously expensive bling, Hollywood’s hottest stars have made their selections and the they are ready to be judged for their winning and sinning style!

From red carpet veterans like Michelle Williams and Glen Close to newcomers Shailene Woodley and Jessica Chastain, Breaking Celebrity News has photos of the best, worst & wackiest dressed stars at the Oscars.

Best Actress nominee Michelle Williams stole the red carpet show with her blast of coral color.  The My Week with Marilyn star wore a stunning strapless Louis Vuitton Couture gown, which she paired with Christian Louboutin heels, a Bottega Venetta bag and Forevermark and Fred Leighton jewelry.

Jessica Chastain and Rooney Mara were our other favorite looks of the night. The Help and The Tree of Life star looked like she belonged in a museum in her bronze and black Baroque style Alexander McQueen gown, while Mara looked angelic in a gorgeous white Givenchy gown.