Diana’s dress fetches an unprecedented £900,000 at auction.

An exquisite evening gown worn by Diana, Princess of Wales during her royal tour of Italy in 1985 has been sold at a US auction for a staggering amount, surpassing its estimated value by more than 11 times.

The stunning black and blue velvet dress, designed by Moroccan-British fashion icon Jacques Azagury, fetched a total of $1,148,080 (£907,000) at Julien’s Auctions in Hollywood.

The dress, which Diana wore at a dinner at Palazzo Vecchio in Florence alongside her then husband, Charles, was initially expected to be sold for $100,000.

Complete with shoulder pads, a gorgeous blue organza skirt, a large bow, and a sash, this garment now holds the record for the highest-priced dress worn by the late royal sold at an auction. The previous record was held by a velvet gown by Victor Edelstein, which sold for $604,800 in January 1991.

The buyer of the Azagury dress remains unknown. It also came with a matching illustration.

Diana sported this exquisite dress not only during the dinner hosted by the mayor of Florence in April 1985 but also at the Vancouver Symphony Orchestra in 1986. The ballerina-length skirt of the dress paid homage to Diana’s love for dance and her role as a patron of the English National Ballet.

The auction, titled “Julien’s Auctions and Turner Classic Movies Present: Hollywood Legends,” took place on Sunday night.

The dress was described in the catalogue as a “beautiful, romantic ballerina-length evening dress” made of Jakob Schlaepfer fabric, featuring a black velvet bodice with embroidered stars in metallic thread and a two-tier royal blue organza skirt with a sash and bow. Azagury was a favored designer of Diana’s, and she wore many of his creations. One of her favorites was an ice blue silk georgette minidress worn on 3 June 1997 to the Royal Albert Hall for a performance of Swan Lake.

Azagury’s introduction to Diana was made by Anna Harvey, the then British Vogue editor, in the 80s. On his website, Azagury reminisces about Diana’s visits to his Knightsbridge atelier, describing them as relaxed and filled with conversations. Diana didn’t give specific instructions for dress designs; instead, she trusted Azagury to create unique dresses suitable for any occasion she attended.

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