Known as the Oscars of Fashion, the CFDA Awards were on in full force last night. Fashion designers flock to New York and with them come a bevy of gorgeous stars dressed head-to-toe in their designs.

Like the Met Gala, it is one of the biggest nights in fashion, sometimes called the real "Fashion's Night Out." One of our favorite designers (and everyone else's favorite too...) Oscar de la Renta was awarded the Eleanor Lambert Founders Award -- and even better, he was given the award by Hillary Clinton.

Ralph Lauren presented the Geoffrey Beene Lifetime Achievement Award to Vera Wang. Phillip Lim won Accessory Designer of the Year for 3.1 Phillip Lim, while Menswear Designer of the Year went to Thom Browne and Womenswear Designer of the Year went to Jack McCollough and Lazaro Hernandez of Proenza Schouler.

Now, we wouldn't be covering an event without covering the red carpet, so we rounded up the best (and a few not-so-great) dressed of the star-studded evening. From Jessica Chastain's simple black Givenchy to Nicole Richie's shimmering Marc Jacobs, click through the gallery above to see the best of the best.

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