Miranda Kerr strikes a pinup pose in V Magazine's latest issue. Photo: Willy Vanderperre

First Miranda Kerr surprised the style set by walking the runway at the very haute Balenciaga show, now the Victoria's Secret model is treading into edgy high-fashion, albeit still very sexy, territory in V Magazine's newest issue (out Nov. 3).

Shot by Willy Vanderperre and styled by Olivier Rizzo, the Australian stunner (and girlfriend of Orlando Bloom) is shown in "postmodern pinup" garb -- Dolce & Gabbana's signature bustier bras and high-waisted briefs, vintage-inspired swimsuits, Proenza Schouler sweaters, YSL dresses and even a pair of seamed pantyhose that she wears sans panties. (Ooh la la!)

Fellow Victoria's Secret model Ana Beatriz Barros also smolders in the 10-page "Pin Me Up, Pin Me Down" spread, appearing in similarly sexy ensembles for four photographs.

Whether Miranda Kerr is as "shockingly thin" as people thought she looked in her recent Grazia Australia photo shoot (the model blamed the poses), well, you be the judge.

So, is Miranda Kerr convincing as a high-fashion model or should she stick to the more commercial Victoria's Secret gigs?

Browse the below gallery, then let us know in a comment!