Meryl Streep, Sandra Bullock shine at Oscars Luncheon

This year's Oscar nominees gathered for the ultimate Hollywood power lunch on Monday at Beverly Hills in a celebration of the old adage "it's an honour just to be nominated" three weeks before the film industry's biggest night.
The annual Oscars nominees luncheon convened more than 200 contenders pursuing an Academy Award on March 2 - from 18-time nominee Meryl Streep for Best Actress in "August: Osage County" to Lupita Nyong'o, who won a best supporting actress nod for her first film role ever in '12 Years a Slave'. (AP)

18th time nominee Merly Streep was classy in the white dress with red bamboo print. The actress, nominated for Best Actress for film 'August: Osage County', accessorised her look with red peep toe heels and zippered clutch. (AP)

Oscar winner and nominee Sandra Bullock opted for a floral printed dress with different coloured top and skirt. She added colour to her look with red clutch. (AP)

Cate Blanchett, the favorite to win best actress for her role as a disgraced socialite in Woody Allen's 'Blue Jasmine' was shining in the silver leather outfit. Cate said this nomination "certainly took me by surprise." (AP)

Lupita Nyong'o was stylish in a knee length dress with leaf detail print. The '12 Years a Slave' star finished off her look with blue velvet stilettos and clutch. (AP)

Actress Amy Adams was bright and smart in her 70s inspired outfit for the nominees luncheon. The 'American Hustle' actress did away with the jewellery which worked in her favour. (AP)

'The Wolf of Wall Street' actor Leonardo DiCaprio was suave in the navy blue suit. (AP)

'The Dark Knight' star Christian Bale arrives with his wife Sibi Blazic.
Sibi Blazic opted for a formal black full sleeved bodycon dress and finished off her look with nude pumps and black clutch. (AP)

Matthew McConaughey, the presumed frontrunner for Best Actor for his role as an unlikely AIDS activist in the low-budget 'Dallas Buyers Club' said, "I'm going to celebrate no matter what." He won the Golden Globe and Screen Actors Guild awards. (AP)

Kristen Bell, who voiced a character in Frozen, was pretty in a navy polka dot dress and nude pumps. (AP)

Steve Coogan, Jonah Hill, Alfonso Cuaron and Bono suited up for the Luncheon. (AP)

Lupita Nyong'o poses with star Barkhad Abdi at the 86th Oscars Nominees Luncheon. (AP)

Jared Leto was smart in the black formals and jazzy golden jacket for the Luncheon. (AP)

Pharrell Williams was funky on the red carpet. (AP)

Candid shot – Ethan Hawke, Maya Thurman-Hawke and Julie Delpy at the Luncheon. (AP)

Pharrell Williams and Sandra Bullock at the 86th Oscars Nominees Luncheon. (AP)

Matthew McConaughey and Camila Alves McConaughey pose for the photogs at the Academy Awards Luncheon. (AP)

President of the Academy of Motion Picture Arts and Sciences, Cheryl Boone Isaacs and director David O. Russell share a candid moment at the red carpet. (AP)