Every Victoria's Secret Fashion Show, an Angel is honored with the privilege of wearing the million dollar "Fantasy Bra" that we've all come to know and love. What started out as a $1 million catalog-only bra, has evolved into a dazzling multi-million dollar runway spectacular that has been adorned with diamonds, sapphires, and pretty much every other precious gem that you could imagine!

Although the Fantasy Bra has been around since 1996, its first runway appearance wasn't until 2001 when Heidi Klum modeled the $12.5 million dollar "Heavenly Star Bra." Two years later, Heidi modeled the Fantasy Bra for the third time, setting the record for the Angel who has walked the most in the jewel encrusted brassiere. It's Gisele Bündchen who holds the record for wearing the most expensive bra, valued at $15 million! Did you know that Karolina Kurkova was the youngest model to walk in the bra at just 18-years old?

Now that Alessandra Ambrosio has been chosen to wear this year's $2.5 million "Floral Fantasy Bra," we're taking a look back at the past sixteen years of Fantasy Bras since Claudia Schiffer first slipped into her blinged out brassiere. Review the bra's long history in time for this year's show in our slideshow below!

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