The knitwear piece was the star lot at Sotheby’s latest Fashion Icons auction in New York, where it fetched $1,143,000 in just 15 minutes of bidding.
Princess Diana wore many show-stopping outfits over the years, leaving behind an indelible impact on fashion history as it relates to royal dress codes, semiotics and more. From her unforgettable wedding dress to the black velvet cocktail dress, affectionately dubbed her “revenge dress” in the media, she wore in 1994 to even the pioneering penchant for athleisure she demonstrated throughout the ‘90s, Diana’s daring sense of style has become part of her lasting legacy.
The strapless, maroon silk-velvet dress was fashioned with a shapely tulip skirt and was largely regarded as a pivotal example of Diana’s sartorial maturation. It fetched $604,800 at auction earlier this year. But the quirky knit sold today has not only eclipsed that record sum, it has also become the most valuable sweater ever sold at auction.
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