Everyone knows that after the Oscars are won, it's time to hand out the real prize: best dressed. And if you were paying attention to last year's red carpet, then you already know that the competition was downright fierce. From Emma Stone [1]'s shimmering Elie Saab number to Lupita Nyong'o's pearl-embellished Calvin Klein gown, none of these stars made it easy on us. Keep reading for a complete look at the 10 Academy Awards favorites [2] while we wait for the 2016 red carpet.

Naomi Watts

Naomi Watts [3] in Armani.

Margot Robbie

Margot Robbie in Saint Laurent.

Dakota Johnson

Dakota Johnson [4] in Saint Laurent.

Reese Witherspoon

Reese Witherspoon [5] in Tom Ford.

Jennifer Lopez

Jennifer Lopez [6] in Elie Saab.

Gwyneth Paltrow

Gwyneth Paltrow [7] in Ralph & Russo Couture.

Jennifer Aniston

Jennifer Aniston [8] in Versace.

Lupita Nyong'o

Lupita Nyong'o in custom Calvin Klein.

Emma Stone

Emma Stone [9] in Elie Saab.

Rosamund Pike

Rosamund Pike in custom Givenchy.