All week theSkinnyStiletto has been featuring our favorite looks from various movies nominated for Best Picture at the Academy Awards. Today is the 84th Oscar ceremony and in honor of the film industry, we’re featuring our all-time favorite style icon, Audrey Hepburn, from the only Best Picture she’s appeared in, My Fair Lady. This editor isn’t exactly a fan of musicals, and unfortunately My Fair Lady is my least favorite Audrey movie. (Fun Fact: It was also Hepburn’s least favorite film she made! Guess she wasn’t too happy about the studio dubbing her singing…) Cecil Beaton won the Academy Award for this costume design on the visually stunning 1964 flick. Our favorite outfit of the movie is the white lace Edwardian Ascot gown with black and white striped ribbons and the greatest hat ever worn. This outfit would wear most people that threw it on, but Audrey looks elegant and completely confident in her massive costume – obviously, or she wouldn’t have yelled, “Move your bloomin’ arse!” in such a refined look. The costume is worth between $200,000 and $300,000, and is currently part of the Debbie Reynolds’ auction of movie memorabilia.