I was wearing no basics, in my wardrobe. All my clothing was mid range or colorful pieces and statement pieces all the time.
You can see how I used basics with each different way I wore it. Those black Malibrans are also heavy hitters in my closet. I wear them with jeans, skirts and this dress a lot. The brown boots are gone now. They wore out. I bought a pair to replace them that are leather and I hope to have them for some time. I say this since the other boots were a plastic that just tore up quickly.
The chambray shirt and the turtleneck are classic pieces that match almost everything. The tights are great for colder days that you still want to dress up for some reason.
For clothing to be allowed to be in my wardrobe (and ultimately to stay) they have to match at least 3 (5 is better) things I already own. You can see that this dress easily meets my criterion there.
I hope that this helps you see just another reason you don't need to have a closet full of clothes to have something to wear.