From Reese Witherspoon‘s retro-glam gown to Gwyneth Paltrow‘s ultra-modern column dress, there was plenty of red-carpet eye candy at this year’s Academy Awards — and we’ve made it easy for you to choose and share your favorites with everyone you know. See all the night’s looks at our Make Your Own Best Dressed page and then instantly share your top five with your Facebook friends — and us, of course! Click over and in just a few seconds your inner circle will know whether you thought that Natalie Portman reigned in purple or new mom Penélope Cruz sizzled in red.

CHECK OUT EVERYTHING THAT HAPPENED AT THE ACADEMY AWARDS!

Courtesy Charitybuzz

Have you ever wished you could raid your favorite celebrity’s closet? Coveted that perfect it-bag or ethereal goddess gown? Well, looking like your favorite star has just gotten a little easier! In celebration of the 10th anniversary of Pink Pony–Ralph Lauren’s global initiative for cancer research–the luxury label is holding a one-of-a-kind online auction. Held in partnership with Charitybuzz, the auction will remain live through Oct. 21 and features exclusive items including a front row seat to the brand’s fall 2011 runway show and Ralph Lauren looks previously owned by celebrity style icons. Kate Hudson is offering up her favorite fringed Ralph Lauren Collection bag (shown left), while Penélope Cruz is donating the stunning beaded gown (pictured below) that she wore to the Nine premiere. Also up on the chopping block? Halle Berry and Jessica Biel‘s Vogue cover looks and Tom Cruise‘s Ralph Lauren jeans from Knight and Day. To get your hands on one of these coveted items, visit charitybuzz.com/ralphlauren today!- Justine Harman

Courtesy Charitybuzz

Courtesy French Vogue

Meryl Streep, Kate Winslet, Julianne Moore, Bono–talk about moral support! When Penelope Cruz was asked to be the guest editor of French Vogue‘s latest issue, the Oscar-winning actress called upon some very famous friends to help her out. For the May issue–traditionally dedicated to the Cinema and the Cannes Film Festival– Cruz corralled Streep, Winslet and Moore as models and talked Gwyneth Paltrow, Naomi Watts, Bono and others into collaborating. “She was very intense and precise about what she wanted,” Olivier Lalanne, the magazine’s associate editor-in-chief told WWD. The resulting magazine–which hits Paris newsstands Friday, April 23–has three cover choices featuring Cruz with her A-list entourage. Inside, black and white photography accompanies Penelope’s winning editorial mix, including an interview between Spanish director Pedro Aldomovar and French screen legend Jeanne Moreau, some personal photographs of Salma Hayek, Javiar Bardem and Sean Penn, and a photo layout featuring Vanessa Paradis in Shanghai. Get a sneak peek at Penelope’s very stylish issue online at vogue.fr.–Peter Mikelbank

Courtesy French Vogue</p

Gilbert Flores/Celebrity Photo; Kevin Winter/Getty

It’s been a thrilling award season for fashionistas, from Sandra Bullock‘s polished chic gowns to Carey Mulligan’s quirky high fashion to Penelope Cruz‘s sexy styles with a European savoir-faire flair. And now, the Academy Awards are finally upon us! We’ve made our predictions, and now it’s just hours until the red carpet opens and our favorite stars appear in their finest gowns and jewels. We know who we’re looking forward to seeing, but we want to know who you can’t wait to see! Sound off here, and don’t forget to join us in our live blog to dish on all the gowns, speeches, hot dates and more starting at 6 pm EST.

John Shearer/WireImage; Jason Merritt/Getty; Lionel Hahn/Abaca

Ever wonder what the stars’ finely detailed, exquisitely crafted and gorgeously over-the-top red carpet gowns look like up close and in person? Here’s your shot: After dressing Hollywood’s A-list for major events for more than twenty years, Italian fashion designer Giorgio Armani is hosting an exhibition to showcase some of his most memorable celeb-worn designs. Look out for Lady Gaga’s sparkly, other-worldly look from this year’s Grammy Awards, the romantic black lace confection that Penelope Cruz wore to last month’s Golden Globes, the midnight blue strapless number that Anne Hathaway donned at the 2009 Globes, and more. The dresses will be on display at Armani’s Fifth Avenue flagship in New York City from March 5-21. – Emily Hsieh

BEImages

Following a tropical vacation, Pené lope Cruz went for a golden faux-tan on the red carpet at last weekend’s Golden Globes, according to her hairstylist Oribe and makeup artist Scott Barnes. At the launch of his new book About Face this week in N.Y.C, Barnes explained Cruz’s inspiration for her look: “She had just come back from her vacation. And she said, ‘I want to be tan. I want this eye.’ She found it in my book, it was Irina, the sexy Russian model who does the Guess! Jeans ads.” Barnes, who held court with another of his favorite clients, Jennifer Lopez, that evening, also revealed that Cruz, “had remembered an Elle cover I did with Uma Thurman. Uma was really tan and she wanted to look really tan, because she had just come back from vacation.” Makeup artist Oribe weighed in on Cruz’s flowing locks: “I just tried to wave her hair. She wanted to wear it down for the Armani dress. It was just movie star glamour. Wavy, but not too wavy. Just stylized nicely.” And where exactly was Cruz’s vacation-tousled look recreated? “We did it at her home. Real casual and easy and we got her ready probably in an hour and a half, nails and everything done,” says Oribe. “She’s amazing, just a regular girl,” added the hair guru. “Scott brought his book, showed her what he wanted to do. She loved it. It just went very smoothly. Beautiful eye, natural skin, it was a different makeup for her… really special. It made her look really fresh.” –Jeffrey Slonim

SEE ALL THE BEST-DRESSED STARS AT THE GOLDEN GLOBES HERE!

Courtesy Dolce & Gabbana

Nine‘s A-list leading ladies might be decked out in Chopard jewels throughout the movie, but Dolce & Gabbana’s designers, Domenico Dolce and Stefano Gabbana, have scored actual roles in the much-anticipated flick! The pair play Italian priests alongside Kate Hudson, Nicole Kidman, Penélope Cruz, Fergie and Marion Cotillard. And though they’re used to rubbing shoulders with Hollywood royalty, working alongside them on this film was definitely a special treat: “We wanted so much to be part of this project! Federico Fellini has always been one of our greatest sources of inspiration, one of the most important Italian directors,” the duo tells PEOPLE through a spokesperson. “For us, being part of a movie inspired by the work of the maestro is like a dream come true. Rob Marshall did an amazing work and the cast is amazing! He was able to put together the most beautiful and talented actresses of various generations and great actors. We couldn’t be more happy to be chosen, even if for a short appearance.” Nine opens on December 25 nationwide. Tell us: Are you excited to see Nine?

Berliner; Getty; EPA; Getty

The Hollywood awards season is officially—and fashionably—underway with the just-announced 2010 Golden Globe nominees. A bevy of chic actresses made the cut, and we already can’t wait to see what they turn up in on the red carpet. Penélope Cruz, nominated for her supporting role in Nine, can always be counted on for big-time glamour, while Julia Roberts and Sandra Bullock, competing for Best Actress for their work in Duplicity and The Blind Side, respectively, are sure to deliver on seasoned sophistication. And then there’s relative newcomer Emily Blunt, also up for Best Actress for The Young Victoria, whose already proven she can hold her own both talent and style-wise, having won a Best Supporting Actress trophy in 2007 in vintage Herve Leger for The Devil Wears Prada. Other standouts include Drew Barrymore, Chloe Sevigny and Courteney Cox! Tune in on January 17 to watch the show and, of course, we’ll keep you posted on all the award show news and styles. Tell us: Who are you most looking forward to seeing on the red carpet?

Dimitrios Kambouris/WireImage

In her new film Broken Embraces, Penélope Cruz dresses the part of a mogul’s wife and budding movie star, but at the Calvin Klein Collection-sponsored Cinema Society premiere at the Crosby Street Hotel last night, she looked simply angelic in a long white velvet coat and matching dress from Calvin Klein Collection with glittering Chopard diamonds. “She’s an angel,” said Francisco Costa, who is the Women’s Creative Director, Calvin Klein Collection. “She’s a total clothes horse. She looks amazing in everything.” Costa was also struck at how well the camera reacts to Penélope, even in her off time. “It was quite telling today. I wasn’t in the last fitting, and I got pictures of her in the clothes at the hotel room. And they looked like movie stills. She was just wearing the clothes in the hotel room, but it almost felt like Helmut Newton pictures, there was so much of her in the photos.” Even for a star as graceful as Penélope, it is still demanding to promote two movies at once — her musical Nine is coming out in December, as well. “Well, yes, I’m dressing for two tours at once over these two weeks, so it’s great that I have a team of people that help me.” Luckily after months of rigorous training for her dance numbers in Nine, she looks as fabulous in her red carpet clothes as she does in her revealing costumes. “For Nine, I had to rehearse a number for three months,” said Cruz. “That was the only way to do that, I had singing teachers and dancing teachers. I did dancing when I was growing up. I did classical ballet, but what I do in Nine is a VERY different type of dance. It was really like starting from zero, in a way.”–Jeffrey Slonim

Annie Leibovitz /Vogue

Talk about an all-star cast! Kate Hudson, Penelope Cruz, Nicole Kidman, Fergie and Marion Cotillard team up with screen legends Sophia Loren and Judi Dench to star in the musical Nine along with leading man Daniel Day-Lewis. And though the much-anticipated musical won’t hit the big screen until November 25, Vogue has already caught a glimpse of the killer costumes created by Oscar-award winner Colleen Atwood, who designed couture-like fashions that date back to the ’20s. And while the extras were decked in vintage, the superstar leading ladies had custom-made costumes to make it easier to sing and dance — 350 costumes and 200 pairs of shoes between them! Expect frilly garter belts, satin-and-lace bras, bustiers, hot pants, flapper dresses and fluffy ostrich-feather fans everywhere. The leading ladies tell Vogue how thrilled they are to be part of the movie, with Hudson gushing, “I spent most of my childhood singing and dancing and just never had the chance to do it professionally. So when I got the chance to work with Rob, I was so excited, I was out of my mind.” Marion confesses to a childhood longing to do musicals as well, “It’s been my dream to do an American musical. When I was a child, Annie was my favorite. I just never thought I would get to do it.” Read more from Vogue‘s behind-the-scenes peek only at Style.com, including interviews with the A-list cast, and then be sure to pick up a copy of the November issue, on newsstands October 13. Tell us: Are you excited to see Nine?

CLICK HERE TO SEE VOGUE’S NOVEMBER COVER.

Annie Leibovitz /Vogue

Eamonn McCormack/WireImage

Penelope Cruz may have looked red-hot when she arrived at the U.K. premiere of Broken Embraces today in a flame-colored suit that stole the show, but it turns out that she had to let fate play her fashion stylist for the event after her checked baggage went missing on a flight from Madrid to London. Fortunately, like any Hollywood fashionista, the actress was far from unprepared — and went with a stunning Bottega Veneta suit and wedges that she’d stashed in her carry-on. “I think someone took it. I think it was taken by someone with a fetish,” her director, and long-time mentor, Pedro Almodovar joked to reporters of the lost-luggage. Despite the set-back, however, the premiere was a huge success, and a high-spirited Penelope couldn’t help being captivated her surroundings at the grand Somerset House on the banks of the River Thames. “It is beautiful here — this is my first time here,” she said of the venue, which has been used to film James Bond scenes in the past. And while Somerset House might have been new to her, working with the Almodovar is old hat for the actress, whom she first met when she was 17. “I am working with one of my best friends but something changes when shooting starts and he becomes my director. I feel we are constantly moving,” she told reporters. “He is a genius.” Although she attended the premiere solo, her boyfriend, fellow Spanish actor Javier Bardem, was on her mind, and she revealed that the two took in an “incredible” show by U2 while in Paris earlier this month. “I have seen them many times,” she said, and added that she and Javier had even stayed with Bono at his home on the French Riviera for a few nights after the concert. Wonder if her luggage made it that night?–By Simon Perry

Mario Sorrenti for Mango

We have always loved Penelope Cruz’s sexy ads for Mango, and now, the Spanish retailer is heating things up even more — with Scarlett Johansson! After four seasons Penelope is passing the torch to her Vicky Cristina Barcelona costar, who will take her place as the new face of Mango starting with the Fall/Winter 2009 campaign. Unlike Penelope, Scarlett won’t be designing a collection just yet — but Penelope and sister Monica’s line will be on hiatus for fall — but she is no stranger to getting sultry for the camera. The sexy star posed pin-up-style as the face of Dolce & Gabbana Makeup. This time around, Scarlett is taking a more cosmopolitan approach with shaggy hair and dark makeup to represent the chic and independent Mango woman. Tell us: What do you think of Scarlett Johansson replacing Penelope Cruz as the new face of Mango?

Courtesy Mango

The Oscar nominee and her look-a-like sister have returned to strike some very sultry poses for the Mango spring 2009 ads. Penelope and Monica Cruz have been designing a successful line for the Spanish-based retail chain since 2007, making this their fourth season. The line features denim, girly dresses, chic separates and basics all at a reasonable price. You can shop the collection and check out more of the sisters’ sexy ads at “mangoshop.com”. Tell us: What do you think of the new ads?

Jun Sato/WireImage

Please tell us where Penelope Cruz got that gorgeous blue and white plaid jacket! It’s amazing!–Giselle Stephenson

Penelope Cruz and look-a-like sister, Monica, landed in style to Japan. Penelope kept warm during the long flight in a Chanel blue and white plaid toggle coat, which we’ve spotted her in for a year! That said, Penelope’s coat is no longer available, but we have rounded up some similar hooded coats for so much less. Be sure to click here for more of your favorite stars showing off fall’s most fabulous coats.

Get a hooded coat like Penelope!
Optic Dot hooded black and white tweed coat, on sale $150 from $298, anthropologie.com

America Eagle charcoal or navy hooded toggle coat, $140, ae.com

Hayley red plaid toggle coat, $71, delias.com

Roxy ‘Sweet Peas’ babydoll hooded jacket, $64, nordstrom.com

PNP/ WENN; Brian Lindensmith/abaca; Goff/INF

We already know that belts are going to be big for fall, and purple is one of the hot colors of the season — so why not a chic belted purple dress? Keep it monochromatic with self-belt like Debra Messing (in Gaultier) or Penelope Cruz (in Christian Dior), or get bold with a contrasting belt like Diane Kruger’s patent addition to her Gaultier dress. Here are a few of our favorites worth snapping up!

For a Splurge:
Try this Sabrina taffeta dress, $240 from jcrew.com, with this suede sash belt, $58 at bananarepublic.com. Or skip the accessorizing and get this Kyumi belted long sleeve dress, $259 at revolveclothing.com.

For a Steal:
Try this Forever 21 Gathered Knit Tunic, $23 at forever21.com, with this black patent belt, $9 at forever21.com. Or grab this Isaac Mizrahi for Target Trapunto dress with belt, $50 at target.com.

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I LOVE the jeans that Penelope Cruz has on!! Where can I find them?! — Beth

After we put up a post on new denim trends featuring a picture of Penelope Cruz in a pair of flared jeans, an overwhelming number wanted to get them too! Who wouldn’t want to look as good as the Volver star? Turns out that Cruz’s pants are J Brand’s Lovestory jeans — loved by stars including Kate Moss, Jessica Alba, and Paris Hilton. The Lovestory has actually become the company’s best-selling style since their Fall 2006 debut. Get your own pair, $178 at jbrandjeans.com For a more affordable option, try Gap’s flare jeans, $60 at gap.com.

INF

Celebs can and often do drop big bucks to score the hottest fashion items before anyone else. We recently spotted Penelope Cruz in N.Y.C carrying a gorgeous bag from Prada’s fall collection — the Glacé Zippers Bag which retails for $1,350. Now most of us don’t have Penelope’s budget, but there is always that one item that you’ll scrape all your change together to get each season. In the August issue of StyleWatch (on newstands now), we asked you to tell us the one item you’ll splurge on for the fall. And we really want to know. Tell us: What will be your big fall purchase? Will it be a great bag, a well-tailored winter coat or a pair of killer heels?

Want your answer to appear in print? To have your comment considered for the next issue of PEOPLE’s StyleWatch, please INCLUDE your first name and last initial, your age and your hometown/state.

Splash News Online

Who hasn’t left their home and decided halfway through their day that they just hate the outfit that they put together? When Penelope Cruz left her hotel in Paris last Friday, she was decked in faded blue jeans and a chic white tunic top. . . that became a chic minidress as her day of shopping wore on and her jeans vanished from her look! We think Penelope looks great either way — not many of us have the legs to pull off a mini that micro! Tell us: Which version of the outfit do you like better on Penelope? With jeans or without?

As summer approaches, our thoughts turn to picnics, long days at the beach, road trips — and wearing the right SPF.  From our tinted moisturizer to the heavy duty creams that come out for full days soaking up rays, we have a whole range of SPF products shoved into our bulging bathroom shelves.  With sunny months ahead, we want to know what SPF you’re wearing (and hopefully reapplying like Penelope Cruz does!). Tell us: What SPF do you wear during the summer? Do you switch around depending on your activities and expected sun exposure? 

Want your answer to appear in print? To have your comment considered for the next issue of PEOPLE’s StyleWatch, please INCLUDE your first name and last initial, your age and your hometown/state.

Photo: PICTURES BART/LFI

Move over, Gwen. The ever-stylish Penelope Cruz has just added herself to the list of multi-talented stars who are trying their hands at designing clothing. Along with look-a-like sister (and fellow actress) Monica Cruz, the beautiful duo are designing a line for Spanish powerhouse MANGO (think H&M) — they will also be the face of the brand, so you can look forward to seeing their ads break in the fall. The line will feature 25 pieces, which are a mix of clothing and accessories. While the Cruz line won’t be on sale for a few months, you can shop the current MANGO collection on their website, mangoshop.com. Tell us: Will you wear clothes by Penelope?

Click here to read more about Penelope’s style in Off the Rack.

Photo: Russell Einhorn/Splash News