She looks just as good covered up! Kate Upton does demure in oxblood dress as she celebrates second Sports Illustrated cover

She looks smoking hot as she strips to a bikini for the new Sports Illustrated Swimsuit Issue, for which she also graces the cover.
But Kate Upton is just as sizzling when she has her clothes on.
The model proved just that at the launch party of the magazine’s new issue, held at Crimson in New York on Tuesday.

 

Red hot: Kate Upton opted for a demure look for the launch party of Sport's Illustrated's new Swimsuit Issue, for which she graces the cover, in New York on Tuesday

The stunning 20-year-old slipped into a satin strapless dress in a trendy oxblood hue, which she teamed with silver pumps and a crystal necklace.
While Kate’s gorgeous curves were still accentuated in the fitted frock, it was a demure choice for the evening.
With her hair in an elegant chignon, the blonde bombshell proudly posed with a copy of the magazine.

 

Blonde bombshell: It was an elegant choice for the evening, but Kate's strapless satin oxblood dress still accentuated her gorgeous curves

 

 

Her reign isn't over yet: The model has been the cover star for the magazine for two years running now

 

It's a great read: The 20-year-old stripped to a bikini in the Antarctic for her photos, and ended up contracting frostbite

She was joined by a bevy of beautiful models who also star in the latest Sports Illustrated Swimsuit Issue, which was released on Tuesday.
Katherine Webb showed off her legs and cleavage in a low-cut red ruched party dress with a high hemline.
Meanwhile Derek Jeter’s girlfriend Hannah Davis looked lovely in a little black dress with mesh sleeves and panels, along with cut-out black shoe boots.

 

 

Skin on show: Katherine Webb defied the 'chest or legs' rule and put her cleavage and pins on display in a ruched red frock

 

 

Narrowly missing out: Derek Jeter's girlfriend Hannah Davis was one of the frontrunners to be the cover star

 

 

No shrinking violets here: Irina Shayk (L) and Alyssa Miller wore purple as they joined their fellow models at the bash

 

 

 

They've got the white stuff: (L-R) Nina Agdal, Jessica Perez and Anne V all chose white mini dresses
Irina Shayk, Chrissy Teigen and Anne V were amongst the other glamorous girls in attendance.
Kate shot her second cover for the magazine in the Antarctic, and after posing in just a bikini in -49 degrees Fahrenheit, the star contracted frostbite.

She told the Today show: 'When I came back, I was like losing hearing and eyesight because my body was shutting down, it was working so hard to keep me warm.'

 

 

 

 

If you've got it, flaunt it: Chrissy Teigen (L) and Genevieve Morton both displayed their curves in sweetheart cut dresses

 

 

Perfect pins: Despite the cold weather (L-R) Ariel Meredith, Kate Bock and Emily DiDonato decided to bare their legs

 

 

There's a reason it's a classic: Julie Henderson (L) and Cinita Dicker both turned heads in their little black dresses

 

Sealed with a kiss: Kate blew kisses to the camera as she chatted to Hannah inside the event

The blonde beauty added: 'It was freezing. I'm from Florida so, it wasn't great for me. Obviously, the pictures now, it's incredible. I can't believe we were all able to accomplish that.'
Kate is the first model since Tyra Banks in 1996 and 1997 to grace the cover of Sports Illustrated’s Swimsuit Issue two years running.

 

 

It takes two: Chrissy had the support of fiance John Legend while Katherine went solo and instead spent her night chatting to Kate

 

Model friends: Cintia, Adaora and Jessica cuddled up together for a photo opportunity

 

On sale now: The new Sports Illustrated Swimsuit Issue starring Kate Upton and a bevy of beauties hit newsstands on Tuesday, February 12