Princess Diana’s Fashion Legacy Lives On As Collection Nets Over $5 Million At Auction

Princess Diana’s style will forever live on. A collection of dozens of items once belonging to the former Princess of Wales raked in over $5 million at Julien’s Auctions on Thursday. The auction, which featured Diana’s gowns, dresses, and pumps, took place at The Peninsula Beverly Hills in California.

The star of the auction was her 1987 Victor Edelstein Magenta Silk and Lace Evening Dress that sold for $910,000. It was originally estimated to reel in $200,000-$400,000.

“This iconic gown, famously worn in London on January 25th and in Hamburg, Germany on November 6, 1987, stole the show,” writes Julien’s Auctions. “After a flurry of competitive bids, it sold for an astounding $910,000, making it the day’s highest earner and the second-most expensive Diana garment ever sold.”

Princess Diana's 1987 Victor Edelstein Magenta Silk and Lace Evening Dress
Princess Diana’s 1987 Victor Edelstein Magenta Silk and Lace Evening Dress. (credit: Julien’s Auctions)

Last September, a black sheep sweater she once wore sold for $1.1 million, according to InStyle. Not to be outdone, an evening gown Diana wore netted $1.1 million as well in a Julien’s Auction in December. Those figures are the most ever paid for Diana-worn clothing.

Two other gowns blew past estimates during auction. Diana’s Murray Arbeid Midnight Blue Tulle Diamanté Star Gown soared to $780,000, when the pre-sale value was originally $200,000-$400,000. Her Catherine Walker Black Velvet Evening Gown commanded $570,000, a staggering five times its original estimate.

“The auction room buzzed with excitement and spirited bidding, a demonstration of the enduring allure of the ‘People’s Princess,'” notes Julien’s Auctions. “Several lots shattered pre-auction estimates, proving the timeless elegance and historical significance of these artifacts.”

Other Diana items that climbed above the $100,000 mark included:

  • 1988 Catherine Walker The Chelsea Design Company Pink Floral Dress sold for $444,500
  • Kurt Geiger Emerald Green Satin Jeweled Vamp Evening Shoes sold for $390,000
  • Catherine Walker Navy Blue Silk Velvet Cocktail Dress sold for $381,000
  • 1989 Hong Kong Royal Tour Catherine Walker Yellow and Navy Skirt Suit sold for $325,000
  • Rayne Two-Tone Pumps and Handbag sold for $195,000
  • Salvatore Ferragamo Violet Leather Pumps With Book sold for $127,000
  • Caroline Charles Dark Purple Velvet Gown sold for $101,600
  • 1989 Philip Sommerville Teal Hat With Stamp Book sold for $101,600

“Julien’s Auction ‘Princess Diana’s Elegance & A Royal Collection’ was more than just an auction; it was a celebration of an icon whose elegance, compassion, and style continue to captivate the world. The extraordinary results serve as a poignant reminder of her lasting legacy and the fascination she holds for collectors and admirers alike,” says the auction house.

Photo of Princess Diana
Photo of Princess Diana. (credit: Julien’s Auctions)

Diana’s influence extended far beyond fashion; her choices spoke volumes about her character and convictions. Whether she was donning lace to support AIDS charities or boldly embracing black as the epitome of evening chic, her wardrobe was a canvas for social change. With each daring ensemble and every carefully chosen accessory, she challenged conventions, modernizing the monarchy while captivating the world with her grace and compassion.

Diana was only 36 years old when she tragically died in a car crash in 1997.

A portion of the proceeds from the auction will benefit Muscular Dystrophy UK, a cause that was near and dear to Diana’s heart.

Click here to see the full list of the Princess Diana auction results.

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