One reason we love looking at photos from the Vanity Fair Oscars Party every year is that the stars change into new and stunning Oscar ensembles.

OK! GALLERY: BRAD PITT, ANGLEINA JOLIE, GWYNETH PALTROW & MORE LATE ARRIVALS AT THE 2012 OSCARS RED CARPET

Katie Holmes joined her husband Tom Cruise at the 2012 party hosted by Vanity Fair editor Graydon Carter at Sunset Tower in West Hollywood last night. Kate Hudson and Gerard Butler made their Oscars appearance at the party, and Emma Stone, Jennifer Lopez and Shailene Woodley made some wardrobe changes from their red carpet and awards show dresses.

In some cases, we think there were improvements!

OK! GALLERY: OSCAR-NOMINATED STARS ARRIVE AT THE 2012 ACADEMY AWARDS RED CARPET!

Young Hollywood also made it out with The Hunger Games star Liam Hemsworth and girlfriend Miley Cyrus being extra affectionate on the carpet, and Selena Gomez posing solo this year rather than with boyfriend Justin Bieber.

What did you think of the Vanity Fair Oscars Party photos? Do you have a favorite ensemble?

 

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