Natalie PortmanMichelle Williams and Emma Stone all shows up to the Academy Awards red carpet in stunning shades of red! But, there can only be one Oscar Lady in Red (at least, that's what we've decided) -- so which one of these three A-list starlets rocked red the best?

Check out ALL the Stars on the 2012 Oscars Red Carpet!

Natalie Portman, Michelle Williams and Emma Stone at the 2012 Academy Awards

Natalie Portman went pure classic with a vintage Christian Dior strapless gown, with a polka dot fabric. I absolutely love the playful polka-dot fabric juxtaposed with the sheer sophistication of the look. The V-cut diamond Harry Winston diamond necklace is perfection with the style. 

Emma Stone went a bit more modern, high-glam with this crimson Giambattista Valli gown -- making a statement with a the high bow at the neck. To us, the dress overwhelms the otherwise diminutive starlet, but we're glad she took a risk!

And then there's Michelle Williams who wore a showstopping coral red layered Louis Vuitton gown. The sweetheard strapless neckline looks perfect on her and the ruffle at the hip accentuates her petite curves. While the dress gives a nod to old Hollywood glamour, there's somethign very sweet and contemporary about this gown.

Take an even closer look at the images below and then tell us: which is your favorite red dress?!

Photos Courtesy of Getty Images