Cate Blanchett at the 38th Santa Barbara International Film Festival

Cate Blanchett cuts a graceful figure in a silver and black gown at the 38th Santa Barbara International Film Festival.

Cate Blanchett always looks elegant at red carpet events.

And Friday was no exception, with the Australian actress performing at the 38th Annual Santa Barbara International Film Festival at the Arlington Theatre.

The 53-year-old was honored at the Outstanding Artists of the Year Award tribute.

Cate Blanchett (pictured) always looks elegant at red carpet events. And Friday was no exception, with the Australian actress performing at the 38th Annual Santa Barbara International Film Festival at the Arlington Theatre.

Cate opted for an asymmetrical cut haute couture gown in shimmering silver and black tones.

The usual dress included a black sleeve, and the star was bare-shouldered on the other side.

She added a pair of black heather boots with a pointed design and a sky-high stiletto heel.

The 53-year-old was honored at the Outstanding Artists of the Year Award tribute.

The 53-year-old was honored at the Outstanding Artists of the Year Award tribute.

Cate opted for a haute couture gown with an asymmetrical cut and sparkles in silver and black tones.

Cate opted for a haute couture gown with an asymmetrical cut and sparkles in silver and black tones.

The usual dress included a black sleeve, and the star was bare-shouldered on the other side.

The usual dress included a black sleeve, and the star was bare-shouldered on the other side.

The Don’t Look Up actress went for a clean makeup look with a peachy matte lipstick.

Cate wore her blonde hair loose and straightened, and skipped the accessories, letting her dress do the talking.

It’s been a brilliant season for the star, who won Best Actress for her lead role in Tár at the Critics’ Circle Film Award on Sunday.

The Don't Look Up actress went for a clean makeup look with a peachy matte lipstick.

The Don’t Look Up actress went for a clean makeup look with a peachy matte lipstick.

Cate wore her blonde hair down and smoothed down, skipping the accessories, letting her dress do the talking.

Cate wore her blonde hair down and smoothed down, skipping the accessories, letting her dress do the talking.

It's been a brilliant season for the star, who won Best Actress for her lead role in Tár at the Critics' Circle Film Award on Sunday.

It’s been a brilliant season for the star, who won Best Actress for her lead role in Tár at the Critics’ Circle Film Award on Sunday.

It looks like Cate isn't stopping after her latest Oscar nomination for her performance in Tár.

It looks like Cate isn’t stopping after her latest Oscar nomination for her performance in Tár.

It looks like Cate isn’t stopping after her latest Oscar nomination for her performance in Tár.

The Ocean’s 8 star was nominated in the Best Actress category for her portrayal of Lydia Tár, a manipulative conductor who becomes the first female conductor of a German orchestra.

Blanchett is now part of a small circle of elite actors who have been nominated for an Oscar eight times, joining Marlon Brando, Judi Dench, Geraldine Page, Peter O’Toole and Glenn Close.

He has already won two Oscars, one for The Aviator (2005) and another for Blue Jasmine (2014).

Blanchett is now among a small circle of elite actors who have been nominated for an Oscar eight times.

Blanchett is now among a small circle of elite actors who have been nominated for an Oscar eight times.