2The Ruby Slippers by Harry Winston at $3 Million

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Created by the great Harry Winston himself, this pair of shoes is made of 50 carats of diamonds and 4,600 pieces of rubies. It was made in honor of the 50th anniversary of the movie, Wizard of Oz and took more than 2 months to be finished. As currently the most expensive shoes in the world, these red shoes of Dorothy is indeed magical! Click the next ARROW to see the next photo!