Lily Aldridge & Emily Ratajkowski Rock Sexy Looks at Vanity Fair Oscar Party 2016

Lily Aldridge and Emily Ratajkowski both show some skin in their sexy looks at the 2016 Vanity Fair Oscar Party held at the Wallis Annenberg Center for the Performing Arts on Sunday (February 28) in Beverly Hills, Calif.

The ladies were joined at the event by Lily‘s hubby, rocker Caleb Followill, and fellow model Erin Wasson.

Emily rocked a red look earlier in the night while attending the Elton John AIDS Foundation’s annual viewing party.

FYI: Lily is wearing an Alexandre Vauthier Haute Couture dress. Emily is wearing a Stephen Khalil dress, Brian Atwood heels, a Tyler Alexandra clutch, and Neil Lane jewels at VF and an Alexandre Vauthier dress, Casadei shoes, and Aurélie Bidermann earrings at EJAF. Caleb is wearing Dolce & Gabbana.

20+ pictures inside of Lily Aldridge and Emily Ratajkowski at the party…