The last year I've been updating a lot of basics and essentials in my wardrobe. I have added several classics (blazers, black dressy pants, LBD, navy v-neck) that I realize make a huge difference for the versatility of my wardrobe. This is all good news, of course. I think I'm more or less set adding/replacing essentials now, and I would like to start thinking more of how to incorporate a few real statement pieces, too. What would they be? Do I have any already? I'm finding the concept 'statement piece' a little confusing.

What are your statement pieces, and how do you know which they are? Have you seen any pieces in my wardrobe that are 'statements'? I'm thinking that the red coat and dress were transformative pieces for me, but I'm not sure if they are statements.