NEW YORK — Officially, it’s the Metropolitan Museum of Art Costume Institute benefit, a black-tie extravaganza held the first Monday in May to raise money for the Costume Institute.

Unofficially, it’s “the party of the year,” “the Oscars of the East Coast” and “an ATM for the Met” (the last by publicist Paul Wilmot). We think of it as the Fashion X Games or the All-Star Game of Entrances.

The party signals the opening of the Costume Institute’s annual blockbuster show, and the party dress code is usually themed to the exhibition. This year’s show is “In America: An Anthology of Fashion,” Part 2 of a yearlong extravaganza about the relevancy and power of American Fashion. (Part 1 was “In America: A Lexicon of Fashion.”) The dress code is “gilded glamour.”

Janelle Monae attends The Metropolitan Museum of Art’s Costume Institute benefit gala celebrating the opening of the “In America: An Anthology of Fashion” exhibition on Monday, May 2, 2022, in New York. (Photo by Evan Agostini/Invision/AP)