Princess Diana--a Fashion Icon

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Princess Diana’s Dress Fetches More than $276,000 at Auction!

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Princess Diana may be gone, but she’s certainly not forgotten. The daring black taffeta gown that she wore for her first public appearance as Prince Charles fiancée, fetched a whopping £192,000 (about $276,621) at Kerry Taylor Auctions in London yesterday. Bought by Chilean fashion museum Fundación Museo De La Moda, the dress–designed by Elizabeth Emanuel and David Emanuel–was sold along with an original copy of the invoice, fashion sketches, and photographs of Di wearing it. “As the weeks before her wedding progressed, Diana lost so much weight that she returned the gown to the Emanuels to have it taken in,” explained auctioneer Kerry Taylor at yesterday’s sale. “The alterations required were so drastic that they decided it would be easier to re-make a smaller version for her. They kept the original and forgot about it only re-discovering it quite recently.” A bold choice at the time for its color–which was reserved for funerals in royal circles–and its somewhat revealing nature, the strapless dress established Princess Diana as a budding fashion icon. Jorge Yarur, founder of the museum that bought the dress, said that upon his death, Princess Diana’s dress will be returned home, donated to Kensington Palace. –Marissa Patlingrao CooleyJoel Saget/AFP/Getty