Most Expensive Fashion Items of 2011

While fearless fashion leaders were purchasing must-have Louboutins of the moment, others were splurging on the most expensive fashion items of 2011. As the year comes to an end, it's only right to review these extravagant items. The pieces range from Marilyn Monroe's iconic white dress to 24-karat gold shoelaces.

If one extremely wealthy individual were to purchase all of these fun fashion items, the total would come to $8,428,535. That is equivalent to 9,745 Yves Saint Laurent pumps (averaging $845 a pair), 4,447 Chloe Marcie totes (averaging $1,895 a bag), and 46,825 J Brand skinny jeans (averaging $180 a pair). For $8,428,535, you could have ten insanely expensive items, or 61,107 affordable must-have fashion pieces.

See the complete list of 2011's jaw-dropping expensive items after the jump...

Mary-Kate and Ashley Olsen Create The Softest TOMS Shoes Ever

For some Mary-Kate and Ashley Olsen-sized pep in your step, order yourself a new pair of shoes for fall. We know what we're sporting on our feet after we toss away our summer sandals thanks to the Olsens's newest collaboration with TOMS shoes. Available now on TheRow.com, TOMS Shoes official website, Whole Food Markets and various department stores, are perfect TOMS for cooler weather on the midst.

The shoes, priced $125 to $195, come in plaids, black suede and pale suede. The collaboration offers up perfect woolen and cashmere blends to slip into--customers are already raving how soft and comfortable they are. These are not your average TOMS for they are lined with 100 percent lamb leather for a more breathable and durable bottom, latex arch for added support with a little extra sprinkle of chic just because the fashion mammoths behind The Row designed them.