POP Pop star Lady Gaga is not afraid to take fashion risks, as her ensemble for the 13th annual ACE Awards proved. At New York’s Cipriani on 42nd Street on Monday, Nov. 2, to pick up her “Stylemaker” award from presenter Marc Jacobs, Lady Gaga wore a fifties-style pale pink bra and girdle-like panties over a gray crushed velvet shirt in a masculine-meets-feminine play.

While in typical Lady Gaga fashion, she did not wear any pants, this being an awards ceremony for the Accessories Council, it was her head gear that was most striking: A black lace net covered her entire head like a present while a large blond bouffant exploded from the back.

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Model Agyness Deyn received the “Brand of the Year” award on behalf of Burberry, wearing cropped black pants and boxy boyfriend jacket and her hair cut like famous sixties model Peggy Moffitt and her eyes rimmed with thick false lashes.

Tomas Maier, who joined Bottega Veneta in 2001 as creative director, took home honors as the “Designer of the Year.”

Diane von Furstenberg won the “Accessory Visionary” award and Barbie received the “Fashion Icon” award for her status as fashion newsmaker for the past 50 years. Blake Mycoskie of eco-friendly label Tom’s Shoes—the company donates one pair of shoes to a needy child every time a pair is sold—was given the “Humanitarian” award.

Online fashion retailers were the big ACE winner this year, showing a shift in the changing retail landscape and consumer buying preferences. Shoe powerhouse Web site Zappos.com won “Retailer of the Year,” while the site responsible for bringing designer sample sales to the masses, Gilt Groupe, won the award for “Retail Innovation.”

And in the fashion journalism segment, Hal Rubenstein, InStyle fashion director, was honored with the “Marylou Luther Award for Fashion Journalism,” while designer Alexander Wang presented V Magazine with “Magazine of the Year.”

The Accessories Council is a not-for-profit advocacy group founded in 1995 to promote and support accessories retailers and manufacturers to the consumer.