Last night, GQ and the CFDA hosted and toasted their six best new designers of the year at the Gehry-designed IAC building on Manhattan's west side. We Are The Market was on hand to get a better look at the nominees' Fall 2010 collections and snap some photos of the best dressed men in attendance. The winner, we're told, will be announced later today. UPDATE: Billy Reid wins the $50,000 top prize and a capsule collection with Levi's. Congrats sir.