The Most Expensive Red Carpet Dresses of All Time

Julia Roberts’ appearance at the 2001 Academy Awards remains one of fashion’s most iconic Oscar moments. She wore a vintage black-and-white Valentino gown from the designer’s 1992 collection, proving that timeless couture could outshine even the newest creations. The elegant velvet column dress exuded quiet sophistication and effortless grace.

Her choice of a decade-old gown made a powerful statement about sustainability and enduring style. As Roberts accepted her Oscar for Erin Brockovich, the look instantly entered fashion history. The minimalist design, paired with her glowing confidence, solidified the gown’s legacy as a red-carpet masterpiece of understated glamour.