I may change my mind in the morning, but Gwyneth Paltrow was my best dressed on the red carpet tonight at the 2012 Oscars, held in Hollywood this evening.

She opted to wear a Tom Ford white dress with a uber chic cape which was recently presented at part of this ‘top secret’ Fall 2012 collection.

The designer has been waiting for a major Oscar moment since he launched his womenswear collection, and here we finally have it.

My first reaction to this was, “thank god it’s not another gold shimmering Calvin Klein bland column dress”, because lord knows she’s done that look to death.

A chic ponytail, barely-there makeup and silver jewels completed her look.

Credit: Getty