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Bargain lovers, brace yourselves! Target and Neiman Marcus have teamed up and recruited 24 CFDA designers to create a limited-edition holiday collection. Each contributor will design three pieces, ranging in price from $8 to $500, and Carolina Herrera, Prabal Gurung, Diane von Furstenberg, Jason Wu, Marc Jacobs, Oscar de la Renta and Tory Burch are all on board! ”It’s going to be an unforgettable collaboration. Many designers explored completely new terrain, we let their imaginations run wild,” Target spokesperson Joshua Thomas told InStyle.com. “The value is truly unparalleled. We used real silk, real leather, 18 karat gold, hand beading, and hand blown glass.” Shoppers can expect to see clothing, accessories, electronics, sports gear, and home goods when the lineup hits Target and Neiman Marcus stores, as well as target.com and neimanmarcus.com, on December 1st. We know what we’re putting on our holiday wish lists!

Plus, see Gwen Stefani’s newest Harajuku Mini Target collection!