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PHOTOSSee Gisele Bundchen, Tom Brady, and More Stars on the 2017 Met Gala Red Carpet!

It’s the first Monday in May, which means it’s time for the 2017 Met Gala — and the iconic red carpet that precedes it!

The annual event brings out the biggest names in both Hollywood and the fashion industry to celebrate the Metropolitan Museum of Art’s Costume Institute. This year’s benefit honors Japanese designer Rei Kawakubo, who founded the label Comme des Garçons in 1973.

“Rei Kawakubo is one of the most important and influential designers of the past 40 years,” Andrew Bolton, the exhibit’s curator, explained to Vogue. “By inviting us to rethink fashion as a site of constant creation, recreation, and hybridity, she has defined the aesthetics of our time.”

MORE: Johnny Depp’s Daughter Lily-Rose Depp Looks All Grown Up at the Met Gala — See the Pics!

A-list stars including Gisele Bundchen, Tom Brady, Kate Hudson, and more are expected to be in attendance at tonight’s lavish event — and we can’t wait to see what all the stars are wearing!

Check out the gallery to see all the celebs at the 2017 Met Gala!