Mary-Kate Olsen, Ashley Olsen

Kevin Mazur/Getty Images for Estee Lauder

Looking good, ladies!

Fashionistas Mary-Kate and Ashley Olsen attended the launch for Estee Lauder's fragrance Modern Muse at the Guggenheim Museum Thursday night in NYC.

The designer duo looked gorgeous in classy all-black ensembles, with Mary-Kate sporting a trendy skirt and shirt combo, while Ashley rocked an oversize sweater and tailored skirt.

Both gals wore their hair in loose waves, although Ash pulled hers back in a sleek low ponytail, flashing their signature subtle smiles as they posed for pics both side-by-side and with makeup artist Tom Pecheux.

Julianne Hough, Drew Barrymore

Kevin Mazur/Getty Images for Estee Lauder

To complete their chic outfits?

A pair of strappy high-heeled sandals and a stack of bangles for Mary-Kate, and a few simple bracelets for Ashley in addition to her sky-high pointed-toe pumps.

A number of famous faces attended the star-studded launch, including Drew Barrymore and Julianne Hough, as well as Maggie Gyllenhaal and hubby Peter Sarsgaard, Michelle Dockery, Hailee Steinfeld and Linda Evangelista.

Maggie Gyllenhaal, Peter Sarsgaard

Gilbert Carrasquillo/FilmMagic

Barrymore and Hough, who wowed in an all-white Emilio Pucci gown, were photographed smiling and laughing together at the A-list fete, while Gyllenhaal and her handsome husband were snapped sharing a sweet moment together.

While the Olsens certainly made headlines for the looks from their Elizabeth & James and The Row lines at New York Fashion Week, the ladies have also been in the spotlight for their love lives as of late.

Ashley, 27, is rumored to be dating the CEO of Oliver Peoples David Schulte, while Mary-Kate is seemingly still going strong with her 44-year-old French beau, Olivier Sarkozy.

Do you like the Olsen twins' latest look? Tell us in the comments!

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