Today is the second day of the 66th Cannes Film Festival. Last night, Baz Luhrmann's The Great Gatsby opened the fest and all the stars came out to walk the red carpet. Today marks the first day of this year's selections. As memories and deals are made, take a look back at some of the best moments in Cannes history.

1989 sex, lies, and videotape

Steven Soderbergh wins the Palme d'Or for his first film, sex, Lies, and videotape. It also won Best Actor for James Spader and the international critics prize. At just 26 years old, Soderbergh is the youngest director to win.

1993 The Piano

Jane Campion wins the Palme d'Or for The Piano and Holly Hunter wins Best Actress. To date, Campion is the only woman and New Zealander to win. Her first short film, Peel won the Short Film Palme d'Or at the 1986 Cannes Film Festival. This year, she is head of the Cinfondation and Short Film Jury and will be presented with the Carrosse d'Or from the Society of Film Directors. The Piano earned Campion a best director nomination at the Oscars and she won the Academy Award for best original screenplay.

1994 Pulp Fiction

Quentin Tarantino's eagerly awaited follow-up to Reservoir Dogs went down in history as a Cannes classic. Tarantino won the Palme d'Or for Pulp Fiction and created a media frenzy.

1998 Life is Beautiful
Though Roberto Benigni did not take home the Palme d'Or for Life is Beautiful, he did win the Grand Prize of the Jury and received the wildest applause of the evening. He stole the awards show, kissing Scorsese's shoes and hugging each member of the jury. The film won Best Foreign Film at the Oscars and Benigni won Best Actor.

2009 No Country for Old Men
Joel and Ethan Coen's No Country for Old Men was nominated for the 2007 Palme d'Or. Not too much was known about the film going into its screening but after, the press raved about it. NCFOM went on to win the Oscar for Best Picture.

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