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How low can they go! Sports Illustrated cover girls Ashley Graham and Hailey Clauson have a cleavage battle in plunging dresses

Published: 23:33 EST, 12 December 2016 | Updated: 16:16 EST, 13 December 2016

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The night was supposed to be focused on sporting stars but these models quickly stole the show.

All eyes were on Ashley Graham and Hailey Clauson as the hit the red carpet for the annual Sports Illustrated Sportsperson Of The Year Awards.

The swimsuit stars dared to bare at the New York event on Monday night.

Shinning stars: All eyes were on Ashley Graham and Hailey Clauson as the hit the red carpet for the annual Sports Illustrated Sportsperson Of The Year Awards in New York on Monday

Both clad in sparkly dresses, the two women also both opted for very low cut styles that highlighted their assets.

Ashley shined from the moment she stepped onto the red carpet.

For the event, the magazine cover girl donned a pink and black sequined dress.

While it was knee length, the dress was far from conservative, with the fabric clinging to her famous physique.

Scene stealer: Ashley shined from the moment she stepped onto the red carpet in a black and pink sequinned dress

Sexy style: While it was knee length, the dress was far from conservative, with the fabric clinging to her famous physique

Sparkle this party season in a sequinned dress like Ashley's

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Va va voom! Ashley Graham looked spectacular last night at the Sports Illustrated Awards.

The model was a vision in pink and black sequins and we love her nipped in waist and incredible curves in this little number. As we all know a spot of embellishment is the easiest way to go glam so why not use Ashley as your muse this party season?

Ashley's dress is by J. Mendel but you don't need to go designer or spend a fortune to nail this glittering look. In fact we've found some affordable options from the virtual high street that'll help you shine like Ms Graham.

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It also featured a deep V-neckline from which the 28-year-old's ample cleavage threatened to spill out.

She accessorized the look with a pair of simple Stuart Weitzman Nudist black heels and some drop earrings.

The model wore her brown locks to one side and they cascaded down in soft curls.

Dip it low: It also featured a deep V-neckline from which the 28-year-old's ample cleavage threatened to spill out

Date night: The 28-year-old was joined by husband Justin Ervin

Ashley hit the carpet with her husband Justin Ervin by her side.

Co-cover star Hailey followed suit in a sequined black long sleeved mini dress which was also very low cut.

Making the dress look even more daring, where the V of the neckline finished was a sheer panel showing off more skin.

Golden girl: Co-cover star Hailey followed suit in a sequined black long sleeved mini dress which was also very low cut

Not needed: With the dress already making such a statement, the 21-year-old kept the rest of her outfit simple

Sheer madness: Making the dress look even more daring, where the V of the neckline finished was a sheer panel showing off more skin

With the dress already making such a statement, the 21-year-old kept the rest of her outfit simple.

The model wore the look with a pair of basic pointed toe black heels and did not add any jewellery.

The swimsuit star wore her blonde hair in voluminous sexy waves and kept her makeup glamorous but understated.

Couple alert: Olympic Gymnast Aly Raisman made her relationship red carpet debut with beau Colton Underwood, who is Oakland Raiders tight end

Fierce frock: Aly (pictured with Editor-in-Chief of Sports Illustrated Chris Stone) gave the models a run for their money in sexy orange dress that was made from scale-like sequins

The night was, however, about sports so plenty of sports stars also headed down the red carpet.

Olympic Gymnast Aly Raisman gave the models a run for their money in sexy orange dress that was made from scale-like sequins.

Aly made her relationship red carpet debut with beau Colton Underwood, who is Oakland Raiders tight end.

Got the memo: Model Tanya Mityushina also wore a heavily embellished dress to the event

That's different: Swimsuit model Kate Bock wore a unusual chain belt and one sleeved dress

Colton made a play for the gymnast by publicly asking her out at the MTV Awards in August.

Also attending was Michael Phelps and his wife Nicole Johnson, who looked to be enjoying their rare baby-free evening.

While their little one stayed at home, there were some young faces on the carpet.

Sports Illustrated magazine's 2016 SportsKids of the Year, sisters Tai, Rainn, and Brooke Sheppard proudly posed up on the carpet with legendary athletes, Kareem Abdul-Jabbar and Jackie Joyner-Kerse.

Just the two of us: Also attending was Michael Phelps and his wife Nicole Johnson, who looked to be enjoying their rare baby-free evening

Handing the baton over: Sports Illustrated magazine's 2016 SportsKids of the Year, sisters Tai, Rainn, and Brooke Sheppard proudly posed up on the carpet with legendary athletes, Kareem Abdul-Jabbar and Jackie Joyner-Kerse

The sisters have already been making name for themselves in the sporting world as all of them are promising runners.

The sisters have dedicated themselves to their sport despite struggling, along with their mom, with homelessness.

Basketball legend LeBron James and his wife Savannah Brinson also attended the gala.

LeBron is being honoured after being been named the Sportsperson Of The Year, the second time he has be named as such by the magazine.

Man of the hour: Basketball legend LeBron James and his wife Savannah Brinson also attended the gala where he was presented with Sportsperson Of The Year