Art by Tanya Leigh Washington
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Let's fantasize for a second...imagine you just won the lottery, discovered a secret trust fund or came into a generous inheritance—what one fashion item would you buy with your newfound windfall?

In honor of National Splurge Day, the StyleBistro editors dreamed big and revealed the items they'd purchase if money was no object.

Click through to see these splurge-worthy items that are essential to any wardrobe.