Part of Balmain's 2009 Fall / winter collection, this jacket features leather with black ribbing and a fur collar, available now at colette for $4908...
The argument could be made, no offense to the people at Balmain, that this jacket is just a fancy version of a Military issued A-2 Flight Jacket, made by Schott. You could purchase the jacket below for $468 thru Schott, netting you roughly $4,400 in savings in comparison to the Balmain Jacket.
Or you could do what I did last winter, and get a Schott A-2 (or G-1) flight jacket on eBay (like the one shown below) for under $50.
Net $ Not Wasted: $4,858.