Wizard Of Oz Shoes - Harry Winston Ruby Slippers - $3 million

This pair is actually the official replica of the pair of red magic shoes of Dorothy of Wizard of Oz. but this one had to be different from all its contemporaries and competitors. It boasts of total 4,600 pieces of rubies with a total of 1,350 carats and 50 carats of diamonds and was made on the honorable occasion of the 50th anniversary of the cult movie. This shoe took 2 months of pain and extreme hard work and was finally created to be the most expensive pair of shoes in the world.