2011 CFDA Awards

As CFDA/Vogue Fashion Fund winner, you receive not only a nice cash prizeto to further your business, but a mentor to guide your specific needs. That's pretty important stuff — just ask the fund's first winners, and now industry heavyweight, Proenza Schouler how the award has shaped its business. Now, there's a new member to add to the winners' circle; the adorable, and undeniably talented designer, Joseph Altuzarra. He solidified his place in that exclusive club, taking home top honors at last night's eighth annual CFDA/Vogue Fashion Fund Awards — including a $300,000 prize. Sharing in the winnings, Pamela Love of Pamela Love Jewelry and Creatures of the Wind's Shane Gabier and Chris Peters were crowned runners-up and each received $100,000. As for last night's guests, a cool crop of designers, models, and Hollywood fashion fans turned out to fête the talented young designer. Click through to see all the fashionable arrivals, and join us in congratulating this year's big winner.

>> With Lady Gaga in the house for last night's CFDA Awards, there was bound to be some entertainment. And she didn't disappoint — as Cathy Horyn deemed, last night's show "was better than it has been in awhile." From details on Anna Wintour texting Gaga to Prabal Gurung's onstage shout-out to a fellow designer, a few of our favorite quotables, moments, and sightings from last night's festivities in the slideshow.

Last night at the 2011 CFDA Fashion Awards, many stars on the red carpet opted for sexy waves, but there also were a few slicked-back updos in the crowd that really stood out. Need a way to stay cool this warm-weathered season, all while actually looking cool? Check out five sleek updos that not only keep hair off the forehead and neck, but also happen to be alluring.

>> Prabal Gurung, Proenza Schouler, Eddie Borgo, and Alexander Wang all took home CFDA awards last night, and in honor of the newly-crowned winners, we rounded up a few of their most covetable pieces currently on the market, for your perusal.

>> Shortly after the 2011 CFDA Awards wound down at Lincoln Center's Alice Tully Hall, the crowd moved on to Marc Jacobs's honorary dinner at the Monkey Bar, before finally settling in for a Lady Gaga rager — complete with a mesh-suited Gaga and Patti LaBelle dueting on "Over the Rainbow" — at the Top of the Standard. A few choice moments from the after party scene, captured in the slideshow.

Last night's CFDA awards were, as expected, a gorgeous event. Like the Met Gala, this is fashion's night to really dress up, and supermodels and celebs showed up in some of our favorite outfits of the year. Anderson Cooper hosted the annual show, and the big winners this year were Lazaro Hernandez and Jack McCullough of Proenza Schouler for womenswear designers of the year. Other favorite names included a win for Alexander Wang in accessories, and Lady Gaga for fashion icon of the year. Trends from the night included a sea of red gowns, thanks to Karlie Kloss, Doutzen Kroes, and Alessandra Ambrosio, suiting by Kirsten Dunst and Leelee Sobieski, and shine thanks to Naomi Watts, Karolina Kurkova, and Mary-Kate Olsen. See a list of the nominees and winners below, but don't miss our slideshow, which has all the most fashionable highlights from one of the most fashionable nights of the year.
CFDA AWARDS 2011: Nominees and Winners

Womenswear Designer of the Year
Nominees: Alexander Wang, Jack McCollough and Lazaro Hernandez for Proenza Schouler, Marc Jacobs
The winner: Jack McCollough and Lazaro Hernandez for Proenza Schouler

Menswear Designer of the Year
Nominees: Michael Bastian, Patrik Ervell, Simon Spurr
The winner: Michael Bastian

Accessory Designer of the Year
Nominees: Alexander Wang, Jack McCollough and Lazaro Hernandez for Proenza Schouler, Reed Krakoff
The winner: Alexander Wang

Swarovski Award For Emerging Talent
Womenswear Nominees: Prabal Gurung, Mary-Kate and Ashley Olsen for The Row, Joseph Altuzarra
Womenswear Winner: Prabal Gurung
Accessories Nominees: Jason Wu, Eddie Borgo, Pamela Love, Alejandro Ingelmo
Accessories Winner: Eddie Borgo

Fashion Icon Award: Lady Gaga

Geoffrey Beene Lifetime Achievement Award: Marc Jacobs

At last night's CFDA Awards, Lady Gaga was honored with the Fashion Icon Award — and in typical fashion, she arrived in a dramatic ensemble fitting her title. The artist opted for a dramatic custom Mulger gown, complete with a tulle train, spiked-bust detailing, megaplatforms, and a turquoise wig to top it all off. Of course, it wouldn't be Gaga without an element of surprise — so she ditched the train and showed off a more revealing sheer bottom on stage. Click through to see all angles of Gaga's CFDA style, then decide if it was fit for the fashion icon.