Check out Blake Lively from Gossip Girl sporting a hot pink Michael Kors dress CFDA Awards in New York The dress is from the designers Fall Ready-to-Wear line and isn’t yet available in stores. This dress has got my name all over it, though I imagine it will be quite costly. A similar dress from MK’s fall line runs around $1600, so this would definitely be a splurge.

Want to steal Blake’s style for much, much less? Check out this pink strapless sheath dress from Forever 21 in a similar hue with a sweetheart neckline. Want to jazz it up for fall? Grab a black studded belt and punk it up a bit with some gladiator heels. Choose a few understated accessories to complete the look, and voila! Summer style maven!

Do you love Blake’s look? Have you ever splurged on a dress that you couldn’t live without? Share your thoughts in the comments below!