Princess Diana's iconic dress is up for auction

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 Princess Diana's iconic dress to be auctioned

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Princess Diana's iconic purple velvet gown by Victor Edelstein will be auctioned at Sotheby's.

Auction will take place on January 27 in New York. The lot has already been posted on the official website.

This dress with a tight tulip skirt is known to many thanks to a photo shoot for Vanity Fair, in which the princess starred in 1997. She also posed for a portrait in it.

This outfit has been in a private collection for the past few years. The estimated price for which it will be sold is $120,000.

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