Alber Elbaz of Lanvin is the latest designer to create a limited and affordable collection for H&M, giving nonwealthy admirers of the label a chance to share in the magic. The holiday collection—which looks pretty amazing in the photos, at least—will be in stores later this month. You can also get a look at the designs in this short film showcasing them.

However, there are already grumblings about the relatively high prices (dresses are $199 to $249), and some worry that the materials may be low quality. Is the allure of high-low collaborations finally fading?