Karl Lagerfeld was a complex individual, which makes “honoring” his creations for this year’s Met Gala guests much harder. Celebrities will only have a brief window to steal red-carpet attention for the benefit of the upcoming Costume Institute exhibition, “Karl Lagerfeld: A Line of Beauty,” at the Metropolitan Museum of Art. This event is one of the most significant fashion events of the year.

As celebrities and their stylists get ready to stun, a dress code based on Lagerfeld’s creations should give more clarity than last year’s notoriously vague “Gilded Glamour” theme. However, tributes may also easily go horribly wrong. In any case, everyone will be watching and evaluating. Here is what we currently know about this year’s Met Gala.

When is the Met Gala in 2023?

The Met Gala, also known as the Costume Institute Benefit, will take place at the Metropolitan Museum of Art in New York City on May 1, 2023. Although celebrities are infamous for arriving (fashionably) late, live coverage of the red carpet typically begins at 6 p.m. EST.

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Who are the co-chairs for this year?

The Met announced on January 18 that the evening’s co-chairs would-be actress and playwright Michaela Coel, actress Penélope Cruz, tennis star Roger Federer, music phenomenon Dua Lipa, and—as always—Vogue editor-in-chief and Condé Nast Global CCO Anna Wintour. One noteworthy observation: this year’s co-chair slate contains no designers. What this implies for the party, in the long run, remains to be seen.

What is the topic of the Met Gala 2023, and what does it mean?

The Met Gala theme—or, more correctly, the dress code—is always linked to the Costume Institute’s spring show. This year’s exhibition is titled “Karl Lagerfeld: A Line of Beauty,” and it pays tribute to the late German designer’s dedication to both basic, “serpentine,” and “satirical” lines in his designs for Chanel, Fendi, Chlóe, Balmain, Patou, and his namesake label from the 1950s to 2019. As a result, the Met Gala’s dress code is simply “in honor of Karl,” allowing visitors’ interpretation wide free.

Given that the Met has declared that both the exhibition and the Gala will be funded by Chanel, Fendi, and Karl Lagerfeld himself, you can expect to see a slew of celebrities dressed in those labels. But, rather than merely donning his old designs, let’s hope to see some more imaginative perspectives on “honoring” Lagerfeld.

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Who will attend the Met Gala in 2023, and who will not?

You may expect the usual suspects, in addition to the co-chairs: Jennifer Lopez and Ben Affleck, Zendaya, Selena Gomez, Rihanna, Blake Lively and Ryan Reynolds, the Hadid sisters, the Biebers, Zo Kravitz, Billie Eilish, and—if we’re lucky—Lady Gaga and Beyoncé are all expected to attend. However, there has been no formal confirmation of their participation as of yet.

The Kardashian-Jenner family, who have generally assured attendance at the annual bash, were initially the subject of contradictory stories over their invitation status: In March, sources told Page Six that the hosts were “cracking down on the guest list,” which meant that the Kardashians and Jenners might not make the VIP list. Another source (a family member) disputed the rumors. Finally, in April, a source verified that Kim Kardashian is not only invited but also confirmed to go. It’s unclear whether the rest of her family will go down the aisle with her.

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Can I attend the Met Gala?

A more pertinent inquiry may be, “How wealthy and famous are you?” Even if you’ve gained enough reputation to receive one of the coveted invites, you’ll need to fork up a significant sum to secure a seat. (According to the New York Times, tickets were $35,000 each last year, while tables ranged between $200,000 and $300,000). Having said that, it’s simple to watch the Met Gala from afar: the event is always life online, and images are widely shared within minutes of being uploaded. Check ELLE.com for updates throughout the evening; we pledge to bring you as near to the event as possible.

Are you looking forward to the Met Gala 2023? What are you most looking forward to?