Australian actress Cate Blanchett wore a pale yellow silk taffeta Valentino dress to the 77th Academy Awards on 26 February 2005.

It was the dress Blanchett wore when she won the Academy Award for Best Supporting Actress for her performance in The Aviator in front of some 42.1 million people on American television.

"[3] The dress worn by Blanchett was a long silk taffeta strapless gown, with embroidery on the left shoulder and a satin burgundy bow sash.

[6] Although yellow was considered to be the "in" colour for 2005, according to Valentino in a 2006 interview, his motivation for designing dresses is not what the trends are but a genuine desire to create "sexy, feminine pieces that enhance a woman's beauty and accentuate her best features.

She noted that many actresses attending the ceremony opted for strapless gowns, and said that unlike Beyoncé, Scarlett Johansson, Kirsten Dunst, Drew Barrymore and Annette Bening who wore black, the "usually spot-on Cate Blanchett (in Valentino) looked a little bit like a bruised banana in her yellow and burgundy-brown dress.