The Academy Awards Red Carpet last night was filled with beautifully dressed stars, from archival Valentino to fresh Armani. Let's start with the beautiful co-host, Anne Hathaway, who wore a red floor-length archival Valentino dress from 1981. She paired it with bright red lipstick, a loose chignon, and a diamond necklace from Tiffany & Co. Then there was Cate Blanchett, a beautiful and talented woman with taste as well. She wore a pale pink Givenchy gown that looked like it could have come straight off the runway. It was original and different from anything else on the red carpet, and still very classy.