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Cate Blanchett goes for a futuristic up do and daring lace dress as she is honoured at MOMA film gala

Published: 23:49 EST, 17 November 2015 | Updated: 12:51 EST, 18 November 2015

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Cate Blanchett was the woman of the moment at a special evening gala in New York City on Tuesday night.

The Australian star was feted by a host of famous names at the eighth annual film benefit hosted by the Museum Of Modern Art or MOMA.

The Oscar winner, 46, headlined the event wearing a black crepe dress gathered at the bodice and with an uneven hem.

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Tribute: Cate Blanchett was the honoree at the eighth annual film benefit hosted by New York's Museum Of Modern Art on Tuesday evening

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Cate wowed us in this Chanel Couture dress while attending the eighth annual film benefit hosted by the Museum Of Modern Art in New York.

Cate always looks refined and elegant, and this evening she stunned again. Wearing a futuristic updo and blakc pointed shoes, she let her Chanel dress marvel.

This black crepe dress with gold embellishment and mesh detail was so exquisite on Cate. We love the mesh detailing which is so on trend this season.

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She also showcased a futuristic up do, which made her look like she had gone for the chop with her gorgeous locks

The designer gown was completed with transparent panels that fell to the floor from the frock's hem and covered the Blue Jasmine actress' arms and cleavage.

The outfit was embellished with silver thread and patterns.

21st century hairstyle: She showed off a futuristic up do at the event, which made it look like she had gone for the chop

Gamine: The 46-year-old Australian looked 'girlish' with her bobbed blonde hair tucked behind one ear and a black crepe dress with a ruffled neckline and transparent sleeves embroidered with silver thread

Made an entrance: The full effect of her asymmetrical skirt was plain to see as Blanchett stepped out on her way into the museum in some very high heels

Praised: Among the famous names who showed up to pay tribute to her work were Todd Haynes, who directed her in her new film Carol, and Martin Scorsese who cast her as Katharine Hepburn in 2004's The Aviator

Contender: Blanchett is garnering awards season buzz this year for her roles in the Todd Haynes

She wore her short bobbed blonde hair with a side parting, sweeping it back behind her ear on one side.

Blanchett is garnering awards season buzz this year for her roles in the Todd Haynes-directed lesbian drama Carol and the movie Truth, which co-stars Robert Redford.

In announcing the tribute back in August, MOMA said its department of film was 'thrilled to honor a woman who embodies the greatest traditions of screen acting, while fiercely embracing innovation and risk.'

'Cate Blanchett has the kind of talent that inspires others to deliver their best work, challenges the field to be more fully engaged with women artists and audiences and propels cinema forward with intelligence and grace,' the statement continued.

Old friends: It's almost 20 years since they worked together on Oscar And Lucinda, but Blanchett and British actor Ralph Fiennes proved they still have a great connection as they played for the cameras

Gentleman: Fiennes, 52, who plays M in the new Bond movie Spectre, sported a full bushy beard, and wore a salmon pink shirt and blue tie with a grey suit for the evening event

Mutual admiration: The two stars clearly had plenty to talk about as they caught up while posing for photographers

Pose please: The pair larked about on the carpet

Laughing: Cate also stood alongside Martin Scorsese

On hand to celebrate the star was filmmaker Martin Scorsese who directed her in The Aviator, her Carol co-star Rooney Mara and British actor Ralph Fiennes with whom she starred in the 1997 romantic drama Oscar And Lucinda.

Also on the guest list were actresses Sarah Paulson, who also has a part in the film Carol, Diane Kruger, Jane Krakowski and Carson Meyer.

Model Lily Donaldson showed up as did Anna Wintour's daughter Bee Shaffer.

Playing to the crowd: The actress and Ralph later both spoke at the event

Gothic look: Rooney Mara, 30, wore a black body suit with a see-through black lacy skirt and wide shoulder straps which she paired with some open-toed black heels

Challenging role: The actress co-stars with Blanchett in the lesbian drama Carol that's getting some Oscar buzz

Keeping warm: The Girl With The Dragon Tattoo star wore a black coat as she arrived at the event to protect her from the chilly night air

Mara, 30, mirrored BLanchett's look with a similar black outfit that had a solid body with a transparent patterned skirt and a gauzy panel between the shoulder straps and the black lacy collar.

The Girl With The Dragon Tattoo actress wore her hair up on the top of her head in a kind of sideways pony tail.

She accentuated her angular facial features with bold brown brows, dark blusher and bright red lipstick.

Pretty woman: Sarah Paulson was pretty in dusky pink with red rose motifs and her bobbed hair blown out into voluminous waves

Coordinated: Paulson picked out the black embroidery on her dress by accessorizing with a black sparkly clutch and black heels

Nailed it: British model Lily Donaldson, 28, showed why she's paid the big bucks, baring her cleavage and going shirtless in a cropped jacket with matching skinny pants and heels - she posed alongside singer Halsey

Paulson opted for a long-sleeved dusky rose embroidered mini dress with a high collar.

The American Horror Story stalwart had her bobbed hair blown out and added a splash of lip color the same shade as the embroidered roses that adorned both shoulders.

Donaldson, 28, wore a classic black pant suit with skinny leggings and a cropped jacket.

The British model went shirtless. showing off a bare chest and a flash of cleavage, and she accessorized with a stunning silver serpent brooch on her left shoulder.

Floaty: Diane Kruger was softly feminine in a feathery two-piece with a preppy collar and wore her blonde hair tied back to showcase her diamond earrings

Diane Kruger, 39, chose a feathery two-piece of a white short-sleeved top with a full shirt collar and a full skirt with an asymmetrical hem.

She showed a little midriff in the ensemble that featured horizontal black zig-zag stripes and paired the look with some thin-strapped silver sandals.

Krakowski, 47, added bright color to the gathering in a red knee-length frock with cowl sleeves.

Australian actress Rose Byrne came out to support her fellow countrywoman wearing a sleeveless full-legth gown.

With her was her boyfriend, actor Bobby Cannavale, with whom she's expecting her first child.

Made a splash: Jane Krakowski, 47, stood out in red, wearing a knee-length frock with cowl sleeves

Hand-in-hand: Fellow Australian actress Rose Byrne supported Blanchett on her big night. Byrne, 36, who's pregnant with her first child, was accompanied by her beau, actor Bobby Cannavale, 45

Evening wear: Meyer had on a shimmery black cocktail dress to which she added some drop diamond earrings, while Shaffer wore a low-cut, spaghetti-strap black dress with a drop waist and flower patterns