Tuesday, 28 August 2007

Diana dress fails to sell in Internet auction.

A pale-blue dress worn by Princess Diana to the 1987 Cannes Film Festival failed to attract bids in an Internet auction for charity last week.

The silk chiffon evening gown was among 79 dresses that Diana auctioned off for charity at Christie's in New York in June 1997, two months before she died in a car crash in Paris.

The dress, a strapless bodice made of draped and tucked silk designed by Catherine Walker, is one of four of Diana's dresses owned by the WE television network and was put up for grabs on eBay.

However the gown, which was also worn by Diana to the 1989 London opening of "Miss Saigon", did not attract any bids after opening offers were invited at $125,000.

The WE TV network bought the dress in the 1997 auction for around $71,000. . Though the gown was later appraised and valued at $275,000, experts have recently questioned its true worth.

"If we were to put the dresses up for auction, our auction estimate would be 20,000 to 40,000 dollars for each of the dresses," said a representative from Christie's auction house.

"The estimates are lower, in many cases, than the prices realized in 1997 because the original prices the dresses were bought at were very high."

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