Penelope Cruz looked gorgeous in just a perfect shade of blue at last night's Spanish Institute's Gold Medal Gala in New York City. She went into the event bare necked, but it didn't stay that way for long — she walked out accessorized with her very own gold medal. She was still missing another great outfit addition, however, her man Javier. The adorable couple clearly isn't ready to fully embrace the red carpet coupledom just yet. At least there's no way she could shy away from the paparazzi (or even not want a million photos taken) when she looks this great.
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Images include Penelope Cruz, Oscar De La Renta, Queen Sophia