Well, the dress has been found ... to be a fake!
The thief who took the gown says he took the dress from Lupita's room at The London after finding the door ajar.
[Image via WENN.]
Red on the red carpet???
That style is on FIRE!!
And Colbie Caillat is totes setting off some sparks in this sexalicious red dress hugging her bod in all the right places.
The singer hit the Grammys red carpet in a spicy red number by Ezra Santos with just the right amount of skin revealed in a super slinky way!
Colbie rocked the dress with a slash cut-out diagonally across her bod paired with an open back, Claude Morady 1930s vintage diamonds, a gold ITA Collection clutch, and Jimmy Choo shoes.
The semi-sloppy bun up top isn't our fave, but we're guessing not too many people are looking at her hair right now.
[Image via Getty Images.]