<ul>
  <li>
    <div class="image"><img src="https://unsplash.it/300/200?image=718"></div>
    <div class="shadow"></div>
  </li>
  <li>
    <div class="image"><img src="https://unsplash.it/300/200?image=593"></div>
    <div class="shadow"></div>
  </li>
  <li>
    <div class="image"><img src="https://unsplash.it/300/200?image=433"></div>
    <div class="shadow"></div>
  </li>
</ul>

body {
  display: flex;
  flex-direction: column;
  justify-content: center;
  align-items: center;
  min-height: 100vh;
  background: #eee;
  margin: 0;
  padding: 5em 2.5em;
  box-sizing: border-box;
}
ul {
  display: flex;
  list-style: none;
}
ul li {
  position: relative;
  margin: 0 3em;
}
.image,
.shadow {
  transform: rotateX(45deg) rotateZ(-25deg);
  transform-style: preserve-3d;
  transition: .3s;
}
.image {
  position: relative;
}
.image img {
  vertical-align: bottom;
  filter: grayscale(100%);
  transition: .3s;
}
.image::before,
.image::after {
  content: '';
  position: absolute;
}
.image::before {
  bottom: -8px;
  left: 0;
  background-color: #d0d0d0;
  width: 100%;
  height: 16px;
  transform: rotateX(90deg) translateY(-8px);
}
.image::after {
  top: 0;
  left: -8px;
  width: 16px;
  height: 100%;
  background-color: #bbb;
  transform: rotateY(90deg) translateX(8px);
}
.shadow {
  position: absolute;
  top: 0;
  left: 0;
  z-index: -1;
  width: 100%;
  height: 100%;
  box-shadow: -35px 45px 15px rgba(0, 0, 0, .1);
}
ul li:hover .image,
ul li:hover .shadow {
  transform: rotate(0);
}
ul li:hover .image img {
  filter: grayscale(0);
}
ul li:hover .shadow {
  box-shadow: 0 5px 40px rgba(0, 0, 0, .5);
}