Lily Aldridge hit the red carpet for the launch of the 2016 Sports Illustrated Swimsuit Issue on Tuesday in New York City, where she stunned on the red carpet wearing a plunging red sparkly Alexandre Vauthier Couture dress.
The Victoria's Secret model finished her red hot look with matching strappy satin sandals, understated makeup and wore her hair slicked-back.
While we're lovin' Lily's look ... we've definitely seen this dress before.
That's because Bella Hadid showed off her curves in a black, long-sleeved version of the sparkly dress at the 2016 Grammy Awards on Monday.
Yolanda Foster's daughter stunned at the award show -- where she also made her public debut with boyfriend The Weeknd -- finishing her look with black strappy sandals, silver bangle bracelets, smokey eyes with her hair styled straight.
Both of the ladies look gorgeous in the sexy dress, but we've gotta give the nod to Lily. We love how she toned down her hair and makeup to let the dress make the statement.
But your opinion is the one that matters -- who do you think wore it better? Sound off below and check out the gallery above to see more dueling dresses!