As tradition goes, before the fanciness that is (giant marquee letters)The Oscars, Armani likes to throw a little shindig for a few celebs deemed worthy enough to attend. This year's show hosted a slew of Oscar nominees and a few of the just plain beautiful. I'd be willing to bet that the event entailed a lot of I'm famous, you're famous congrats on the nomination/baby/wedding/album/new hair extensions triple cheek kiss hellos. All kidding aside though, sitting next to both Leo and George...How lucky is Penelope?? Well played, girl.

For more pics including Adrien Brody, Diddy checking out Penelope, Naomi, Dita and more just read more