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The Nakedest Supermodels at the Vanity Fair Party (Is Your Fave on Team Plunging or Team Sheer?)

Updated

The Academy Awards is one of the most glamorous events of the year for Hollywood’s elite. But for supermodels, the star-studded spectacle is an excuse to get glam and don super-sexy ensembles to the many afterparties. Below, we’ve rounded up the most sizzling looks from Miranda Kerr, Kate Upton, Alessandra Ambrosio and more models — and then divided them into two teams: ultra-plunging and super-sheer.

Oscars 2016 sexy supermodel dresses
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Kerr is red hot in a low-cut custom red-orange KaufmanFranco design with large cutout detailing for the evening. She teamed the high-slit number with gold accessories — a metallic Atelier Swarovski clutch and strappy Christian Louboutin sandals — and her brand-new bob!

Meanwhile, Upton opted for a deep V-neck Victoria Beckham dress, a black-and-gold metallic Jimmy Choo clutch and dazzling drop diamond earrings; and Chanel Iman really took the plunge in a metallic black-and-gold dress with a subtle sheer tulle skirt, which she paired with drop earrings and a sultry smoky eye.

And rounding out the bodice-baring team? Sports Illustrated Swimsuit cover star Ashley Graham, in a form-fitting bright red custom dress from Bao Tranchi with a high-slit and a large diamond cutout over her chest, which exposed a bustier-style bra. The model paired the statement design with strappy sandals and hoop earrings.

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Oscars 2016 sexy supermodel dresses
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Now for our sheer team! Ambrosio set the tone with a high-neck, form-fitting black velvet dress with sheer cutouts and a thick gold choker. Se cinched the design with a wide black-and-gold belt and kept her beauty look low-key with a soft smoky eye, nude lip and a simple center-parted do.

RELATED: Click here for all the latest Oscars coverage!

Emily Ratajkowski wowed in a strapless Steven Khalil gown with a sheer floral embroidered skirt, which she accessorized with Brian Atwood heels, a Tyler Alexandra clutch and a dazzling Neil Lane choker. But the biggest show-stopping look of the night? Natasha Poly’s sleeveless Roberto Cavalli gown, featuring crystal and pearl embroidery, covering all of the right places. She teamed the nearly-naked number with a sleek center-parted hairstyle and a dark-hued mani.

And lastly, Petra Nemcova opted for an off-the-shoulder, black tulle Georges Chakra Couture gown with a ruffled skirt and striped embroidered bodice, which she paired with a satin Salvatore Ferragamo clutch and an equally bold red lip.

What do you think of these afterparty dresses? Are you on Team Plunging or Team Sheer? Share below!

–Sarah Kinonen