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.
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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

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

From one party to another: Later on Kate and her fellow models headed to Las Vegas where they will continue to promote the new issue

With her hair in an elegant chignon, the blonde bombshell proudly posed with a copy of the magazine.
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.