As Hollywood’s A list descends on Los Angeles for the 84th annual Academy Awards, TIME looks at the winners and losers on the red carpet.
Oscars 2012: The Best and Worst Dressed
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She wore Todashi Shoji to the Golden Globes and the Screen Actors Guild Awards, so we weren’t surprised to see Octavia Spencer choose the Japanese designer again for the Oscars. But we couldn’t have predicted how downright statuesque she would look in this sparkly silver number.






