Diane Kruger at the Vanity Fair Oscars Afterparty Pictures

Diane Kruger picked a hot, sheer red dress for the big Vanity Fair Oscars bash in LA on Sunday evening. She skipped the actual Academy Awards, but she was looking ready for a special night out in her revealing Calvin Klein Collection gown. Unfortunately, Diane was without her boyfriend Joshua Jackson as a date. Inside the event, Diane mingled with fellow celebrities and posed for photos with Jane Fonda. Elsewhere at the soiree, Katie Holmes and Tom Cruise chatted with friends David and Victoria Beckham. The VF festivities are just one of the many afterparties taking over the city post-Oscars, so stay tuned for tons of coverage of Hollywood's biggest night. Also, vote on all of Fab and Bella's Oscars fashion and beauty polls from the red carpet, show, and afterparties!