Penelope Cruz: Lady in Red for Campari Calendar Event!

Penelope Cruz showed off a fierce, red look at a cocktail party to unveil of the 2013 Campari Calendar. The event, held at the Campari Headquarters in Milan, Italy, celebrated Penelope's campaign and calendar.

At the event, the 38-year-old actress wore a one-shouldered Armani Prive dress, Ferragamo shoes, and Chopard jewelry. With a bold lip and a low, deep-side part 'do, the actress looked stunning. 

The calendar images, inspired by the theme "Kiss Superstition Goodbye," were shot by fashion photographer Kristian Schuller. Penelope is seen wearing gowns by Monique Lhullier and Salvatore Ferragamo. Penelope is the fourteenth celebrity to be featured as the calendar's leading lady. The calendar will be distributed to Campari's supporters from around the world. 

See more images of the event at and more calendar images at E! Online. What do you think of Penelope's look?