The Stars Come Out for Calvin Klein

Art connoisseurs and Hollywood A-listers came out in force for the Art Los Angeles Contemporary on Thursday. View our gallery of the Calvin Klein after-party, including Kate Bosworth, Penelope Cruz, and Jared Leto.

The Academy Awards may be around the corner, but on Thursday night, Hollywood paused to focus on something else: art. At the Art Los Angeles Contemporary—L.A.'s answer to Miami's Art Basel—art lovers and A-listers strolled around the Pacific Design Center to peruse art from local dealers and international galleries.

Click Image Below to View Our Gallery of the Calvin Klein Red Carpet

The crowd then hopped across Melrose Avenue to a three-storey party hosted by Calvin Klein, where the designer's diaphanous clothes hung next to flickering video installations by Jennifer West. But not all in attendance were thinking about art. Actress Kate Bosworth, who traversed the building's packed roof to squeeze into the bar, admitted she hadn't been to the fair. "I'm learning about art," she told The Daily Beast. "I'm kind of an impulsive person, so it's good to learn about it from people." And when it comes to the Oscars, Bosworth sighed. "I don't know if I'll go," she said, explaining that she's busy at work on Lost Girls and Love Hotels, for which she'll soon have to travel to Tokyo to film. "I'm just working on this new project. It's really close to my heart."

And she's not the only one who'll be jetting to film on location: Greg Kinnear says he's off to Minneapolis, where he's filming The Convincer, a dark comedy with Alan Arkin and Billy Crudup. "It's going to be cold," he said. "Wish me luck!" And when asked about the Oscar race for Best Picture, Kinnear took a minute to think: "It's really up in the air," he said. "Up in the air… and Up in the Air."

Plus: Check out more of the latest entertainment, fashion, and culture coverage on Sexy Beast—photos, videos, features, and Tweets.