Alexa Chung in Yves Saint Laurent

Yves Saint Laurent clothes are simply iconic.  Though I must say I am not sure what to think of this dress.  The fabric almost looks like this cheap polyester fabric I bought a few years back because it was on sale.  Yves Saint Laurent's Resort 2012 line was filled with great tailored items and an array of beautiful printed outfits.  I really thought many items were quite great, but this dress.  Perhaps I am not a fan of the placement of the red gathered fabric.  What do you think of this dress?  (I really do love Alexa Chung's style.)