When I look at this dress I can't think of anyone other than Grace Kelly. It is understandable as it was inspired by her look in the Alfred Hitchcock film, To Catch A Thief. So, it is hard to separate it from Grace Kelly and see it as a 'Diana dress'. Like many of her dresses, it was designed by Catherine Walker. It was lot 6 at the Christie's auction and is described in the auction catalogue as: A Classic Evening Dress of Chiffon:
Inspired by the classical simplicity favoured by Grace Kelly, the dress is strapless, of pale blue silk chiffon, intricately draped and tucked with a crossover yoke. There is a matching chiffon stole.
It was worn at the 40th Cannes Film festival in January 1987 and July of the same year to the premiere of Superman IV. She also wore it to the opening of Miss Saigon in 1989 and official portraits by Terence Donovan.
It has a bit of an interesting auction history. In 1997 it was bought by AMC/WE Tv network for $70,700 along with two others. The network wanted to take their dresses on a shopping mall tour titled 'Princess Diana: Dresses to Die For.' Understandably, after Diana's tragic death, they quickly changed the title to 'Legacy of Love.' It has been exhibited in a variety of venues, including Dresses for Inspiration, as well as Kensington Palace.
In 2007, the network tried to sell it on eBay for charity. It went from Christie's Auction House, the premiere auction house dating back to 1766, to EBAY, purveyor of Diana dolls and other royal tchotchkes.
Let that sink in.
Luckily, it did not sell. With a starting bid of $300,000, either it wasn't the right audience or people just knew something so glorious deserved better. Instead it was sold by Julien's Auction House in Beverley Hills in 2011 for $137,500. The current owners are the Museo de la Moda in Santiago, Chile.
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