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The slashed army T-shirt  by Balmain olive green distressed detail  cotton t-shirt. The price  tag: $1,625

Talk about a ripoff. A cotton  T-shirt covered with dozens of holes  and tears is taking high-end  fashion to a whole new level - with a tidy  $1,625 price tag.

 
French  designer Christophe  Decarnin is the mastermind behind the expensive olive-green  number  from haute couture brand Balmain.

It has been described  as  "stylishly disheveled cool" by luxury fashion retailer net-a-porter.com,  but has economy-conscious New Yorkers thinking otherwise.