Blake Lively and Miranda Kerr were the stand-out fashionistas of the night at MoMA's fourth annual Film Benefit, honoring Spanish director Pedro Almodovar.

Lively opted for a more conservative look than normal. She wore Chanel Couture: a metallic, peplum dress with fuzzy fringe lining. Lively paired this with chunky deep-colored gems and her hair pulled back in a chic ponytail.

Kerr went with the same peplum look, but hers flirted more on the sexier side. The aqua and white, unzipped Peter Pilotto dress fit her like a glove. The 28-year-old paired it with sexy black heels, a silver clutch, and red lipstick.

Almodovar was honored by other stars such as Anna Wintour, Karl Lagerfeld, Sarah Jessica Parker, and Drew Barrymore.

The event took place at MoMA's Titus Theater, beginning with a cocktail reception at the museum.

Celebrities posed against a stunning wall of red roses before giving their praise to Almodovar for his exceptional body of work, which includes Bad Education and The Skin I Live In.

Penelope Cruz video messaged the director saying, You are one of the funniest people in the world for sure. She is hoping that [they] share many, many more special moments together.

Anontio Banderas' video message praised Almodovar for walking in the difficult, sometimes painful, always exciting territories of artistic creation.

You broke all the laws of cinematic gravity, he added.

The gala raised $1 million for MoMA,  according to ARTINFO.

Check out some of the photos from the star-studded event.