Best Oscars dresses—the most fashionable moments from the last 20 years

The best Oscars dresses are almost as memorable as the nominated and prize-winning films, with the Academy Awards' red carpet playing center stage for some of the most exceptional fashion moments over the last 20 years.

When it comes to getting red carpet ready, no night in the fashion calendar commands as much attention as The Oscars. An army of stylists, make-up artists, and hairdressers will have spent weeks getting their talent coiffed for the big night, liaising with brands, selecting outfits, and practicing and negotiating on hair and make-up looks. This isn't as simple as pulling out any of your best dresses, or your most flattering jumpsuit and the best designer heels (although this last one is important).

When it comes to a fashion trip down memory lane, the Oscars best dressed list offers up some true gems. A walk through fashion history, the Oscars red carpet looks of the last two decades visually show how times, styles and tastes have changed. From breathtaking beadwork to daring cutaways and sheer panels, the Oscars red carpet is a true delight of fashion trends old and new and plenty of statement style.

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BY RIVKIE BAUM. CONTRIBUTIONS FROM ANTONIA KRASKOWSKI