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A Paco Rabanne dress that recently sold on Fair Warning for $112,100 Photo: Nina Slavcheva In the art world, rare paintings and sculptures are known to fetch millions at auctionand it seems fashion lovers are becoming just as serious about collecting some of the most expensive dresses in the world too

Photo: Getty Nick Offerman

The semi-formal dress code typically includes wardrobe staples like the little black dress (LBD) or colorful party dresses, both of which can be easily dressed up or down for different semi-formal occasions

Tan Another neutral color that complements any look is tan

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