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Oscar Fashion: Stealth Wealth’s Rich Switch
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Oscar Fashion: Stealth Wealth’s Rich Switch

Maximalism met the red carpet in the age of MAGA, trad wives and sequins

Amy Odell's avatar
Amy Odell
Mar 04, 2025
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Oscar Fashion: Stealth Wealth’s Rich Switch
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MONEY HONEYS From left: Lauren Sánchez and Jeff Bezos at Vanity Fair’s after party; Ariana Grande (in Schiaparelli) and Elle Fanning (in Givenchy) at the Oscars. (Photo illustration by The Ankler; Sánchez and Bezos: Taylor Hill/FilmMagic; Grande and Fanning: Arturo Holmes/WireImage)

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Amy Odell writes about fashion and culture at her Substack Back Row. She's the author of the New York Times bestseller Anna: The Biography about Vogue legend Anna Wintour.

The night before the Oscars, Jeff Bezos’ fiancée, Lauren Sánchez, attended Chanel’s pre-party carrying a quilted purse resembling a rocket. You know, like the one she’ll soon ride to space with her gals Katy Perry and Gayle King. It wasn’t her first rocket evening purse, but it may have been her first Chanel rocket evening purse.

That was just one of many signs that stealth wealth was being shooed aside to make way for maximalism at this year’s Oscars. And if that didn’t tip you off, there was also the James Bond tribute dance squad’s red satin gowns (Reagan red?); the abundance of “Old Hollywood”-inspired red-carpet looks; and the dresses that were so metallic and glittery, Sánchez would be able to see them from her orbital bachelorette party.

WHAT A BLAST Lauren Sánchez and her rocket-shaped Chanel bag, flanked by her fiancé, Jeff Bezos, and future space companion Gayle King. (Stefanie Keenan/WireImage)

Excess is back, and both the fashion and entertainment industries must be happy about it. It’s something different from the minimalism that has thus far dominated the decade, which gives people (particularly the rich ones who keep the luxury industry alive) a new reason to shop. But it also brings to a screeching halt the uncomfortable relationship the entertainment industry has had with red-carpet fashion over the last decade. Award-show carpets have mirrored efforts on high-fashion runways to say something about the world. But now, it’s settling back into what it once was: a place where stars can flaunt formalwear and bling and earn money doing it.

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A guest post by
Amy Odell
Fashion and culture journalist, author of Back Row on Substack. NYT bestselling author of ANNA: The Biography.
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