The who's who of the fashion world were all out in NYC last night for the 7th Annual CFDA/Vogue Fashion Fund Awards. The event is always one of the hottest red carpet events of the year and this time around was no exception. From model Chanel Iman to actress Carey Mulligan, and from editor Anna Wintour to designer Zac Posen, it was without a doubt the best dressed room in the world last night.
For outsiders the night is just another chance to drool over designer duds, but for the award nominees it is about fame and fortune! For the first time ever the prize money was increased from $200,000 for the winner and $50,000 for the runners up to $300,000 (about £187,000) and $100,000 (£62,000) respectively. The unexpected extra cash was undoubtedly a welcome suprise for winner Billy Reid (he also won CFDA/GQ best new menswear designer earlier this year) and runners up jewellery designer Eddie Borgo and Nepalese-born ready-to-wear talent Prabal Gurung.
Check out the gallery below to see the best dressed stars at the awards including the Gossip Girl who wore a design by one of the winners.