Early predictions for the 2027 Oscar nominations in Best Costume Design highlight frontrunners like *The Odyssey* with Ellen Mirojnick’s historically researched designs and *Dune: Part Three* via Jacqueline West’s evolving sci-fi aesthetics. These align with industry narratives favoring elaborate period, fantasy, and high-profile studio productions that demonstrate world-building through fabric, silhouette, and detail. Other contenders include *La Bola Negra*, *Michael*, *Sense and Sensibility*, and *Werwulf*, buoyed by festival exposure and guild-level craftsmanship. With nominations voting set for mid-January 2027 following December shortlist balloting, trader sentiment reflects early precursor signals from critics’ groups and the Costume Designers Guild, though late reviews or additional festival premieres could shift momentum before the January 21 announcement.