Stakes in Oscars fashion higher now more than ever
LOS ANGELES—When Jennifer Lawrence tripped on her way to accept her Best Actress Oscar last year, her blush pink princess-like Dior Haute Couture gown was captured in all its glory. The unscripted moment made ripples around the world.
That bonus airtime for a single dress at one of the world’s premier global events is priceless for the likes of Dior, one of the strongest fashion houses in the cutthroat marketplace that the Oscars red carpet is today.
Free marketing
The red carpet, which will be televised live before the March 2 Academy Awards ceremony (March 3 in Manila), presents “a great and free opportunity” for a designer to reach an audience that expands beyond the fashion set, said Ariel Foxman, editor of fashion magazine InStyle.
“It’s free marketing,” Foxman said. “Advertising dollars are so expensive, and mar- keting budgets are so fractured these days with social media, digital media, print media and television media, so it’s more valuable than ever.”
One way of estimating the monetary benefits of having a standout dress on the red carpet is to compare how much a brand would otherwise spend on commercial advertising during the same time, said Milton Pedraza, chief executive officer of the Luxury Group Institute, a consulting firm.
$4M perminute
A Kantar Media report released this week says the average cost of a 30-second ad spot during the 2013 Oscars was $1.65 million. The show was watched by 40.3 million viewers in America and several hundred millionmore across the world.
For Lawrence’s 2013 Oscar acceptance speech and her accidental trip on the stairs to the stage, she had more than
75 seconds of solo camera time. For a commercial spot of the same duration at the same time, Dior would have had to pay more than $ 4 million. This doesn’t include Lawrence’s time on the preshow televised red carpet.
For this year, Kantar Media estimates that a 30-second advertising spot will cost brands an average of $1.8 million during the prime-time show.
Lawrence, 23, nominated again this year in the best supporting actress category for “American Hustle,” is a Dior brand ambassador, wearing the Paris fashion house’s designs to all her public events.
On the rise
While Christian Dior group has not disclosed how much it paid for its deal with Lawrence and doesn’t discuss her impact on its sales, the high-end couture label is on the rise.
In 2013, couture’s profits totaled 165 million euros ($226 million), up 26 percent from 2012.
While the Oscars has launched newcomer designers such as Olivier Theyskens, worn by Madonna in 1998, and Elie Saab, donned by Halle Berry when she won best actress in 2002, the big names in fashion don’t leave much room for new talent anymore, said Hollywood fashion publicist Marilyn Heston.
Heston, founder of publicity firm MHA Media, whose success stories include introducing Jimmy Choo shoes and Lebanese designer Saab to Hollywood, said the Oscars red carpet is today dominated by established luxury brands.
“For young designers, finding their way into this world, it’s really difficult,” Heston said. “It’s much more difficult to get successful placements for the big events when the eyes of the world are watching, the stakes are higher and there are more people in the game.”
For British designer Georgina Chapman, cofounder of Marchesa, the red carpet launched her then-unknown brand in 2004 when actress Renée Zellweger wore a red and gold Marchesa dress to the premiere of “Bridget Jones: The Edge of Reason.”
“The next day, the dress was on the cover of every single newspaper and there was Marchesa written as well. And it really hit home that this is what a red carpet can do for a brand,” said Chapman, who ismarried to film producer Harvey Weinstein.
The pinnacle for Marchesa came in 2010 when Sandra Bullock won the Best Actress Oscar wearing a gold sequined gown by the brand. Chapman said the dress received 40 million mentions in media.
Look for Lupita
The ultimate coup for a designer is to dress a young rising star on the Oscar red carpet, as fashion houses are trying to appeal to millennials who are likely to become customers as they earn more money, Pedraza said.
From Carey Mulligan’s quirky Prada gown covered with miniature kitchen utensils in 2010, Lawrence’s bold red form-fitting Calvin Klein in 2011, to Rooney Mara’s white structured Givenchy gown offset by jet black hair in 2012, each year one emerging actress is sure to make a fashion statement.
This year, all eyes are on “12 Years a Slave” best supporting actress nominee Lupita Nyong’o, who has so far captivated fashion critics with vibrant color choices.
From a vermilion Ralph Lauren column gown with a cape at the Golden Globes, a turquoise figure-hugging Gucci dress with a floral detailed neckline at the Screen Actor’s Guild Awards, to a jade Dior Haute Couture gown at the Baftas in London, the 30-year-old actress has topped the bestdressed lists.
Nyong’o’s fashion hits have cast a spotlight on her stylist, newcomer Micaela Erlanger, whose savvy picks have showcased the actress’ versatility, made her a fashion muse almost overnight, and helped her land a campaign with luxury brand Miu Miu.
“Having that standout moment or having that public image is really an integral part of building someone’s persona,” Erlanger said.
As for what the Kenyan actress will wear on the Oscars red carpet, Erlanger isn’t giving any clues. She has been scouring runways at this month’s fashion presentations in New York and London in search of a standout dress.
“There should be an element of surprise, and that’s what keeps everyone interested. I might go for the whimsy and unexpected but keep it modern and classic at the same time,” the stylist teased.