Graydon Carter: The Vanity Fair Oscar Party Will Be "A Cozier, More Understated Event"



Graydon and Madonna trip the light fantastic. (image via mediabistro)

Last year, because of the Writer's Strike, there was no Vanity Fair Oscar party (the big daddy of Oscar parties); this year, because of the financial collapse, it will be scaled down -- intimate -- to keep in good taste with the times. Editor Graydon Carter announced this morning that Vanity Fair is holding their annual, legendary Oscar Night party at the Sunset Tower Hotel on February 22, 2009. "The party will be a much more intimate affair than in years past; we’re going to scale back the guest list considerably," Carter says.

Simultaneous Translator: Don't event think of crashing this motherfucker.

"We’ll celebrate Hollywood’s big night the way we did when we first threw the party 15 years ago—it will be a cozier, more understated event. And one with familiar decor—given the current economy, and our dedication to the green movement, we will be recycling many of the elements of years past."

So we guess Pam Anderson and Liz Hurley's invitations will conveniently be lost come February? From Toby Young:

"The party ... serves to brand the magazine as a sexy, glamorous product; it links it in the public's mind with everything that's desirable about Hollywood. Of course, it helps if something scandalous happens at the party and there are usually one or two celebs happy to oblige. In 2001 Elizabeth Hurley and Pamela Anderson started making out in full view of the other guests. Rather surprisingly, neither was invited the following year."

Pam and Liz, tarting it up at the 2001 VF Oscar Party via oscars.yahoo.movies)

Press release here.