Tom Cruise & Katie Holmes - Vanity Fair Oscar Party

Tom Cruise and wife Katie Holmes attend the Vanity Fair Oscar Party held at Sunset Tower on Sunday (February 26) in West Hollywood, Calif.

The 33-year-old actress wore a strapless sapphire chiffon gown with a velvet waistband and an embellished bodice from Elie Saab‘s Haute Couture collection.

She finished off her look with a Lanvin purse, Chanel shoes, and her own jewels.

Earlier in the evening, Tom attended the award show where he presented the Best Picture honor to The Artist.

The silent film’s star, Jean Dujardin, also picked up the Best Actor award and its director, Michel Hazanavicius, was named Best Director!