SOURCE: Mary-Kate & Ashley Olsen Fansite

Ashley Olsen looked simple and chic in a strapless gray dress at the 25th Annual Night of Stars hosted by The Fashion Group International at Cipriani Wall Street last night in New York City. Other guests included Kate Bosworth, Karl Lagerfeld, Penn Badgley, Blake Lively, Christian Louboutin and Prince!

More photos below the jump!

Tags: ashley olsen formal wear, new york events, new york photos, new york pictures

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