Olivia Wilde made her second appearance on the red carpet this weekend when she attended the ‘Butter’ AFI FEST premiere which was held at Grauman’s Chinese Theatre in LA last night.

The actress gives us our first look at the Louis Vuitton Spring 2012 collection on the red carpet.

Her white floral knee-length bustier with a peach sheer overlay wasn’t the most flattering choice.

This look is doing nothing for her.

Her sparkling silver jewels and matching Christian Louboutin platform peep-toes fail to add much excitement to this look.

Peach glossy lips and a headband-accented updo similar to the models completed her look.

The Olivia Wilde fashion roller-coaster ride continues. One minute she’s up, the next she’s down.

Credit: Style.com & Getty