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With Vanity Fair’s Oscar after-party no longer a part of the picture this year, Madonna and Demi Moore are hoping to fill that void. All the A-listers are on the guest list, while many industry types have been left off the guest list. The real question is will partygoers receive a red string in their gift bag?

Photos: WENN

10 more photos from the CAA pre-Oscar party in Bel Air featuring Christian Slater, Faith Hill, Tim Mcgraw, Rebecca Gayheart, Eric Dane, Sean Penn and John Favreau are after the jump.

(Hint: right-click with your mouse to open the thumbnails up in a new window or tab.)

Photos: WENN