Natalia Vodianova, wearing a red tulle ball gown inspired by Little Red Riding Hood that was especially designed for her by Valentino Garavani, co-hosted last night’s White Fairy Tale Love Ball with the designer and his partner, Giancarlo Giammetti. Anne Hathaway, wearing a white vintage Valentino gown and Stephen Jones hat, was the master of ceremony. The dress code was white, though the hostess always wears red. However, Olivia Palermo wore a Valentino haute couture dress from spring 2009 with a grey tint to it and Caroline Sieber wore a fall 2011 Louis Vuitton look with black shorts. Stella Tennant looked amazing in spring 2011 Chanel couture.