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 That bonus air-time 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.
Success on the red carpet can buy cachet that no advertising can — both for designers and stars — and profits for luxury brands
for years to come. With stakes that high, the more established
houses are raising their game and leaving little room for
newcomers to make a splash, like they might have a decade ago.
The red carpet, which will be televised live before the March 2
Academy Awards ceremony, 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 marketing 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.
According to a report by Kantar Media released this week, the
average cost of a 30-second advertising spot during the 2013
Oscars was $1.65 million. The show was watched by 40.3 million
viewers in the United States and several hundred million more
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.
And this doesn't include the time dedicated to Lawrence and her
gown on the pre-show 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 primetime show.
Lawrence, 23, who is 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.
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.
HARD TIMES FOR EMERGING DESIGNERS
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, the 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."
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With the red carpet in mind, many of the top fashion houses have
created capsule couture lines, such as Chanel Haute Couture, Atelier
Versace, Armani Prive and Gucci Premiere, which are the highest of
the high end.
For British designer Georgina Chapman, co-founder of Marchesa, the
red carpet launched her then-unknown brand in 2004 when actress
Renee 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 is
married to one of Hollywood's most powerful men, 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 her vibrant color choices.
From a vermillion 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 best-dressed 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," said Erlanger.
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.
(1 euro = $1.37)
(Editing by Mary Milliken and Jonathan
Oatis)
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