Montecristi Panamas are the world's greatest Panama Hats. Made from extremely fine toquilla straw and woven only in Ecuador,  a handful of master weavers produce the best of the best, which sell for tens of thousands of dollars apiece.  Their latest creation (pictured second from the top) took a full five months to complete. After completing the weaving, five other artisans spent several more weeks preparing and finishing the hat. The resulting item called simply - The Hat, is light as a feather, and like all good Panama Hats can be folded without ever destroying it's original shape.

All this for a mere $100,000 USD.