After Ana Pettus, a 42-year-old mother who lives in Dallas, watched a gold minidress with a plunging, fringed V-neck go down the runway at the Balmain show in Paris last year, she knew she had to have it.
Final run of Marc by Marc Jacobs during New York Fashion Week 2011.
She bought the piece—she wears it as a tunic instead of a dress—along with three others from the fall 2010 collection at the Paris boutique of the luxury French fashion house. Price tag: €55,150, or about $74,000.
The Balmain pieces now hang in one of Ms. Pettus's four closets, joining styles from Alexander McQueen and Yves Saint Laurent, as well as a $50,000 voluminous black-and-white gown with a giant picture of Marilyn Monroe on the skirt by Dolce & Gabbana. "I buy what I love," says Ms. Pettus, who is married to the owner of a construction business. "They are beautiful pieces. They're not mass-produced. You pay for that."