She is wearing a terrific red suit, and yes, she does match the red carpet (as you may have seen here, and read on other sites). Is it a fashion faux pas to wear red ON the red carpet? I didn't think so.. check out a stunning Marion Cotillard just last month - Vivienne Westwood's red dress has never looked as good!
Penelopes's designer of choice for this event was Bottega Veneta, that Italian fashion house know for VERY high quality fabrics & materials. And it shows. For more Bottega Veneta, check out the Summer 2009 runway show below!
Online availability is plentiful - Net-A-Porter, Brwns, Matches Fashion, YOOX.. click here to view current collection online!