A famous velvet dress worn by Princess Diana sells for almost £500k

Victor edelstein diana princess dress sotheby

The Victor Edelstein dress worn by Princess Diana sold for almost five times its pre-auction estimate. (Getty Images/Courtesy of Sotheby’s)

A formal dress from the collection worn by the late Princess Diana has sold at auction for almost five times its pre-auction estimate.

The violet strapless evening dress went under the hammer on Friday, fetching $604,800 (£488,545) for its final bid, five times its pre-auction estimate of $80,000-120,000.

Four bidders competed for the six-figure piece of history over four and a half minutes at Sotheby’s New York salesroom.

The sale comes after Kim Kardashian bought Princess Diana’s Attallah Cross necklace at auction for £164,000 earlier this month.

    Photographer Mario Testino attends the press preview for

Photographer Mario Testino with his image of Princess Diana in the iconic Victor Edelstein gown at the 2005 Diana, Princess of Wales By Mario Testino exhibition held at Kensington Palace. (Getty Images)

Princess Diana wore the ‘Infanta’ style, created by society dresser Victor Edelstein, in a 1991 portrait with Prince Charles as Lord Snowdon, and was later captured on camera by Mario Testino in 1997 for a photo shoot. Vanity Fair icon with the late princess.

Read more: Kim Kardashian buys Princess Diana’s Attallah Cross necklace for £164,000

The ball gown – originally designed for Victor Edelstein’s autumn/winter 1989 collection – was created from silk velvet, and featured a stiff tulip-shaped skirt. Its strapless bandeau style features ruched draping at the bodice and three button fastenings at the back.

Fashion photographer Mario Testino captured the late princess in a series of now iconic images for Vanity Fair in 1997, which turned out to be the last official portraits taken of Diana before her untimely death in August of that year same.

Victor Edelstein dress Diana Sotheby

The Victor Edelstein strapless dress has three button fastenings on the back. (Courtesy of Sotheby’s)

The dress previously sold for $24,150 as part of a 1997 auction that sold 80 dresses from Princess Diana’s personal collection to raise money for the AIDS Crisis Trust and the Royal Marsden Hospital Cancer Fund.

Read more: Princess Diana biographers reveal the surprising question he never asked her

A portrait of Diana wearing the dress, by British artist Douglas Hardinge Anderson in 1991, now hangs at the Royal Marsden Hospital Cancer Fund, which she visited, received philanthropic support and was President of.

Sothebys Princess Diana dress

The dress was worn by Princess Diana in 1991 and 1997, and sold for $24,150 at auction in 1997. (Courtesy of Sotheby’s)

“Princess Diana has long been known and celebrated for her timeless style, and this sleek and sophisticated ball gown, designed by Victor Edelstein, embodies Princess Diana’s effortless beauty,” said Cynthia Houlton, Head Sotheby’s World of Fashion and Accessories. sale.

“Today’s sale of this historic dress is a reminder of the enduring legacy of Princess Diana who continues to inspire people around the world,” she said.

Read more: Why Princess Diana’s ‘Revenge Dress’ is so iconic today

Edelstein was one of Diana’s go-to designers for over a decade, from 1982 to 1993, creating many of her bespoke looks for royal visits, including the off-the-shoulder dress made famous when the late princess visited USA and danced with John. Travola wearing the design.

Watch: One of Princess Diana’s favorite dresses to be auctioned at Sotheby’s

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