Made to last a lifetime, these high-fashion designer classics never go out of style. That’s why they make worthy investments—at any price.

Burberry’s London Trench Coat

I keep fallin’ in and out of love—with the trench coat. That’s just what happens when an iconic piece of clothing rolls back into fashion every few years. Last year was huge for the once-and-still-utilitarian raincoat invented for British soldiers by Aquascutum during WWI. I’ve owned inexpensive versions over the years but been understandably reluctant to pony up $1,300 for a Burberry’s London line long, double-breasted cotton trench with epaulettes, gun flap, belt with metallic D-rings and leather buckle, and a Burberry check under the collar—the coat by which all other trench coats are weighed, measured and found wanting. The great thing about the London trench is that really can be worn over everything from a business suit to nothing but stilettos, if you’re Ellen Barkin seducing Al Pacino in the movie Sea of Love. Read more