Gigi Hadid Stuns in Sexy Dress at Oscars Party

Yolanda Foster's daughter makes a statement at the 'Vanity Fair' bash.

She may not have been nominated, but she took home a prize for one of the best dressed!

Gigi Hadid stepped out in Los Angeles last night with her boyfriend Cody Simpson to celebrate the Oscars—and she turned plenty of heads with her sexy, barely-there dress, which she wore to the Vanity Fair party. The gown was designed by Atelier Versace.

It was one of two looks Gigi sported while out on the town. Earlier, she dazzled in a sparkly black-and-blue dress with a thigh-high slit at Elton John's viewing party. But when attending the Vanity Fair bash, she did a wardrobe change and showed off the gorgeous black cut-out gown (above).

Fashionistas are taking note of last night's look, with Elle magazine tweeting, "Gigi Hadid's #Oscars afterparty dress is scandalous and FABULOUS!" Harper's Bazaar also said she "TOTALLY killed it."

It's been a banner year for Yolanda Foster's daughter. After being crowned the It Girl of fashion in 2014, she most recently modeled in just about every show at New York Fashion Week last week. Check out her lookbook below.

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