Venturelli/WireImage; Pascal Le Segretain/Getty
NOMINATION Best Performance by an Actress in a Motion PictureDrama, Blue Valentine
RED-CARPET STYLE Williams channels '30s sophistication in long, sleek designs like the Jason Wu gown she wore to the Venice International Film Festival.
OUR PICK We love the way a high neckline shows off the actress's chic pixiethis silver Elie Saab number is a modern take on the Old Hollywood silhouette. And check out that waist-accenting jersey inset!