Kentucky Derby: Three Ways

So, its the Kentucky Derby weekend and I'm sure you've all seen some of the fabulous fashions gracing Churchill Downs topped off with the finest hats in the world. Well, I've got my dreams of what I would wear if I could and at three different price points. I've also managed to include a pair of shoes that could be changed into should you lose circulation in your toes. ;-)

Hat - Philip Treacy $4256, Clutch - Valentino $1395, Heels - Valentino $3545, Dress - Emilio Pucci $2695, Sunglasses - Karen Walker $275, Earrings - Max & Chloe $199, Espadrilles - Valentino $495

Hat - John Lewis $78, Bracelet - ASOS $20, Shoes - Charlotte Russe $26, Dress - DVF via Style Deals Daily $144, Necklace - Hand Picked $18, Clutch - Van Mildert $68, Flats - Timeless $34

Hat - Helene Berman $120, Necklace - Hand Picked $18, Shoes - Gucci $440, Dress - BCBG Maxazria $338, Earrings - Elizabeth Cole via the Outnet $125, Cuff - Saint Laurent $1490, Clutch - Charlotte Olympia $1121

What would you wear to the Kentucky Derby? Which of these three looks is your favorite?!?