Oscars 2007

New parents Peter Sarsgaard and Maggie Gyllenhaal are enjoying a night out in style. Gyllenhaal dazzles in a single-shouldered Proenza Schouler sheath gown in black and midnight blue with a feather-trimmed hem. Sarsgaard conjures up Cary Grant in his single-breasted tuxedo with a traditional bowtie.

For complete style coverage of the 79th Annual Academy Awards, click here.