While a host of Hollywood’s finest took to the red carpet at last night’s Oscars, other A-listers watched the ceremony in style at a swanky viewing party.

Katy Perry and Miley Cyrus were among the stars who joined Sir Elton John at his annual bash to raise money for his AIDS Foundation.

Both ladies looked gawjus as they stepped out in silver sequined gowns.

katy perry at elton john oscars 2012 bash

Katy opted for a heavily embellished dress detailed with delicate sparkles and sheer panels. Naturally that bright blue ‘do of hers added real impact to her finished look.

Miley Cyrus also showed off her grown-up side, wearing a fitted dress with fishtail skirt and floral appliqué detail. We LOVE her retro curls and bold red lippy.

miley cyrus at elton john oscars 2012 bash

How amazing do they look here?!

We really want to steal Katy’s frock and Miley’s hair! But whose dress do you prefer?

Comments please!

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