The 30-year-old looked sensational as she showed off her ample assets in the frenzy-inducing photo.
Stripping off to a black two-piece, the model revealed her well-defined curves for her Instagram followers.
Showing off her sizeable bust, Ashley was seen sporting a boob-baring bra, which featured bondage-style straps.
Wearing racy leather-look high-waisted briefs, the Sports Illustrated model’s toned midriff could not be missed.
Ashley was pictured grasping a fur shawl which had been laced over her shoulders.
Sizzling Ashley Graham showcases cleavage in string bikini as s...
Smouldering sultrily, the Nebraska-born beauty gazed at the camera in the jaw-dropping snap.
The American’s Next Top Model judge captioned the upload: “Cozy weekend look.”
The star accentuated her natural beauty with lashings of mascara and pale pink lipstick.
Fans were driven wild with the Instagram post, with one writing: “I love you and your super gorgeous figure and confidence.”(sic)
Another admirer said: “That's a whole lotta woman.”
“Wow - chin just hit the floor. You look stunning,” stated a third.
A fourth follower told the star: “OMG! STUNNING! GORGEOUS! BEAUTIFUL!!!!”
Meanwhile, Ashley set pulses racing as she shared a sexy behind-the-scenes upload with fans.
Donning a white towel robe as she sat in her dressing room, the curvaceous model made sure her bust was on full display for the cheeky clip.
Revealing her generous cleavage, the stunner was seen pouting for the camera as she received a makeover.
Opting for a dramatic smoky eye look, the brunette bombshell let her luscious locks fall in soft waves around her shoulders.