When I say "DUPE" I use the term loosely because even though the colors are similar, it is very hard to find two eye shadows that are exactly alike in all three palettes but I found similar toned shadows. So if you're looking for something that has the same effect as the Naked palettes but with a smaller price tag than this could be your answer.
It is the ELF Beauty Book Neutral Eye Edition:
I really like this palette, the colors are extremely pigmented, creamy and blendible. The finish on the eyeshadows reminds me of the buttery texture from the Urban Decay palettes too.
Here are some swatches:
w/flash (colors are a lot brighter and pigmented but the flash kind of washed it out a bit)
HOW THEY COMPARE:
Here is the Naked One Palette
Here is the Naked 2 Palette
I labeled some of the ELF Shadows that are similar to the ones in the Naked Palettes
(Click to make larger)
I got my palette for $3.00 at Big Lots but they normally sell online and at Target for $5.00.
This is a great buy for someone just starting out or who wants to have a good quality neutral palette.
I do not own the Naked palettes yet so I cannot physically compare swatches, but plenty of websites are doing comparisons and things like that so check those out for swatches. Tell me what you think!