bust!

It's official: the Golden Globes have been canceled.

Now, as far as fashion goes, the Golden Globes and other award shows are a few steps behind, say, Paris Fashion Week. However, for those folks that (unlike me) don't spend their lives staring at runway shots on style.com, the award show season is an important way to keep up with the latest trends and fashion news. Who could forget, at last year's Golden Globes ceremony, our first glimpse (above) at what would later become a gorgeous love affair between Reese Witherspoon and Nina Ricci's Olivier Theyskens?

The absent ceremony (and red carpet coverage) is going to be a huge loss for designers -- because seeing Cate Blanchett looking gorgeous in that Alexander McQueeen is absolutely as valuable as any ad campaign.

(Plus, it's always a little bit fun to see what the crazies like Paula Abdul show up in...)