How the Victoria’s Secret Fantasy Bra has changed in the show’s 23-year history

Lais Ribeiro was selected to wear the most recent Fantasy Bra.

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Lais Ribeiro was selected to wear the most recent Fantasy Bra.
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Matt Winkelmeyer/Getty Images

The annual Victoria’s Secret Fashion Show is an extravagant parade of beautiful models, lingerie, and musicians. But perhaps the most mesmerizing element of the televised event is the announcement of the Victoria’s Secret Fantasy Bra each year.

One Angel is chosen to wear the designated garment on the runway, and it is one of the highest honors in fashion. The bra is also a highlight of the runway show – and each one goes for millions of dollars.

However, it’s unclear if there will be a Fantasy Bra – or even the Victoria’s Secret Fashion Show as we know it – this year. On Friday, L Brands CEO Les Wexner told employees in a memo obtained by Business Insider that the brand is rethinking its televised event. CNBC was the first to report on the news.

Although it’s currently unclear what the future of the show will look like, see how the iconic lingerie has evolved over the years, as well as the Angels who have worn it on the runway.

Claudia Schiffer debuted the Million Dollar Miracle Bra – the first ever Fantasy Bra – in 1996

At $1 million, it happens to be the least expensive Fantasy Bra from the last 22 years.

In 1997, Tyra Banks walked the runway wearing the Diamond Dream Bra

The dark fur on simple satin is classic New York.

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The dark fur on simple satin is classic New York.
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Peter Morgan/Reuters

Simple and sophisticated, the $3 million Fantasy Bra was made in collaboration with Harry Winston.

In 1998, Daniela Pestova modeled the Dream Angel Fantasy Bra

Pestova wore a $5 million Fantasy Bra that was lined with a vibrant arrangement of floral rubies and secured by diamond straps. You can see the stunning lingerie on Teen Vogue.

Read more: 19 iconic moments from the Victoria’s Secret Fashion Show, which may be ending as we know it

Heidi Klum wore the Millennium Bra in 1999

Klum dazzled in a $10 million sapphire blue bra that was set with 2,000 starry diamonds. See the enchanting look on Teen Vogue.

In 2000, Gisele Bündchen rocked the Red Hot Fantasy Bra

Iconic.

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Iconic.
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Getty Images

At $15 million, Bündchen’s bra and coordinating panties was the most expensive lingerie set ever, earning a spot in the Guinness Book of World Records, according to Teen Vogue.

In 2001, Heidi Klum wore her second Fantasy Bra, the Heavenly Star Bra

At the time, the center diamond was worth $10.5 million.

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At the time, the center diamond was worth $10.5 million.
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Scott Gries/Getty Images

Klum debuted the $12.5 million Heavenly Star Bra, which was saturated in sweet pink sapphires for the Victoria’s Secret’s first televised event. It is the most expensive bra in the Guinness Book of World Records.

Karolina Kurkova modeled the Star of Victoria Fantasy Bra in 2002

The soft, romantic look also entailed white, lacy panties.

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The soft, romantic look also entailed white, lacy panties.
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Matthew Peyton/Getty Images

The $10 million Fantasy Bra has a floral vibe, with a swirling pattern of diamond, emerald, and ruby roses.

In 2003, Heidi Klum wore her third Fantasy Bra, the Very Sexy Fantasy Bra

Klum dazzled in what would be her final Fantasy Bra with Victoria's Secret.

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Klum dazzled in what would be her final Fantasy Bra with Victoria’s Secret.
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Frank Micelotta/Getty Images

Klum’s third Fantasy Bra cost $11 million and took 370 hours to make, reports People.

In 2004, Tyra Banks wore the Heavenly 70 Fantasy Bra for her second time walking in the Fantasy Bra

Instead of walking down the runway in her $10 million Fantasy Bra, Banks and the Angels traveled across the country for the Victoria’s Secret “Angels Across America” tour. Though the garment never saw the runway, everyone saw the beautiful bra with its 70-carat diamond centerpiece. Take a look at the masterpiece on Teen Vogue.

In 2005, Gisele Bündchen got to wear the Fantasy Bra again – this time, she modeled the Sexy Splendor Fantasy Bra

Victoria's Secret attached another diamond pendant.

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Victoria’s Secret attached another diamond pendant.
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Brian Bedder/Getty Images

Bündchen slayed on the runway in a $12.5 million Fantasy Bra that glitters with 2,900 pave diamonds, 22 rubies, and a 101-carat diamond pendant, as reported by Teen Vogue.

In 2006, Karolina Kurkova strutted down the catwalk in another iconic bra: the Hearts on Fire Fantasy Bra

Karolina Kurkova looks like an ice princess.

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Karolina Kurkova looks like an ice princess.
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Mark Mainz/Getty Images

She wore $6.5 million worth of diamonds for the Victoria’s Secret Fashion Show that year, held in Los Angeles, California.

Selita Ebanks wore the Holiday Fantasy Bra in 2007

Ebanks literally brought the holiday spirit.

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Ebanks literally brought the holiday spirit.
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Evan Agostini/Reuters

Ebanks wore $4.5 million under her Christmas tree cape. This festive Fantasy Bra was made with diamonds, emeralds, and rubies.

Adriana Lima wore the Black Diamond Fantasy Miracle Bra in 2008

We're getting Black Swan vibes.

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We’re getting Black Swan vibes.
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Alexander Tamargo/Getty Images

Jeweler Martin Katz brought the first midnight black Fantasy Bra to the Victoria’s Secret Fashion Show with a slew of diamonds, black diamonds, and rubies. It was worth $5 million.

In 2009, Marisa Miller modeled the Harlequin Fantasy Bra

Check out that fur shrug.

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Check out that fur shrug.
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Jason Kempin/Getty Images

There’s a lot going on with this $3 million look. Victoria’s Secret returned with another dark bra and full-length gloves – only this time they added a 16-carat heart-shaped diamond.

In 2010, Adriana Lima wore her second Fantasy Bra: the Bombshell Fantasy Bra

Lima returned in a softer look for her second Fantasy Bra.

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Lima returned in a softer look for her second Fantasy Bra.
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Theo Wargo/Getty Images

The whimsical feathery wings of pastel blues, pinks and golden tones complemented the $2 million of sapphires, white diamonds, and topazes set in white gold. People reports that this was a labor-intensive garment, taking 1,500 hours to complete.

Miranda Kerr had the honor of wearing the Fantasy Treasure Bra in 2011

She's got everything.

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She’s got everything.
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Jamie McCarthy/Getty Images

Kerr looked like a mermaid washed in $2.5 million worth of pearls, diamonds, citrines, and aquamarine blue.

In 2012, Alessandra Ambrosio stole the show in the Floral Fantasy Bra

When nature meets fantasy.

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When nature meets fantasy.
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Jamie McCarthy/Getty Images

Ambrosio’s first Fantasy Bra blossomed in amethysts, sapphires, rubies, and diamonds – plus, the $2.5 million bra had a 20-carat diamond removable centerpiece. Casual.

In 2013, Candice Swanepoel wore the Royal Fantasy Bra

Swanepoel went from an Angel to a princess.

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Swanepoel went from an Angel to a princess.
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Dimitrios Kambouris/Getty Images

Swanepoel truly received the royal treatment when she walked in the $10 million Fantasy Bra of 2013. In an interview with People, the blonde bombshell revealed how thrilled she was that Victoria’s Secret had to create a mold of her body in order to make the bra.

In 2014, Adriana Lima and Alessandra Ambrosio wore the Dream Angels Fantasy Bras

Runway history.

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Runway history.
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Tim P. Whitby/Getty Images

Lima and Ambrosio made Victoria’s Secret history when they strutted down the runway to model two Fantasy Bras. Each one cost $2 million.

Lily Aldridge modeled the Fireworks Fantasy Bra in 2015

Aldridge looks magical in her vibrant wings.

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Aldridge looks magical in her vibrant wings.
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Jamie McCarthy/Getty Images

Lily Aldridge’s first Fantasy Bra was bursting with color, and was valued at $2 million.

Jasmine Tookes wore the stunning Bright Night Fantasy Bra in 2016

Her detailed jewels are enchanting and elaborate.

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Her detailed jewels are enchanting and elaborate.
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Dimitrios Kambouris/Getty Images

Tookes donned the precious emerald and diamond Fantasy Bra – worth $3 million – in the first Victoria’s Secret Fashion Show to take place in Paris, France.

In 2017, Lais Ribeiro had one of the best looks of the night in the Champagne Nights Fantasy Bra

The 2017 Fantasy Bra wings are majestic.

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The 2017 Fantasy Bra wings are majestic.
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Frazer Harrison/Getty Images

The 2017 Fantasy Bra was worth $2 million. Ribeiro glistened in the intricate pattern of sapphires, blue topaz, and diamonds while walking the runway in Shanghai, China.

Elsa Hosk wore a sparkling Fantasy Bra in 2018

Elsa Hosk walks the runway at the 2018 Victoria's Secret Fashion Show.

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Elsa Hosk walks the runway at the 2018 Victoria’s Secret Fashion Show.
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Dimitrios Kambouris/Getty Images

Worth $1 million, the 2018 “Dream Angels” bra was made from 2,100 Atelier Swarovski-created diamonds. A retail version of the runway bra is sold on the Victoria’s Secret website for $250.

You can find all of INSIDER’s Victoria’s Secret Fashion Show coverage here.