Princess Diana's iconic black sheep sweater was auctioned at Sotheby’s in New York for a record-breaking $1.1 million.
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The sweater was worn by Princess Diana in 1989 and is considered a fashion icon associated with her.
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The auction lasted only 15 minutes, with competitive bidding driving up the price.
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The estimated value of the sweater before the auction was between $50,000 to $80,000, making the final price a significant leap.
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This sale surpassed the previous record set by Diana's Victor Edelstein aubergine evening gown, which sold for $604,800 in January.
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Diana wore the black sheep sweater with blue jeans as a 19-year-old while watching Prince Charles play polo in 1981.
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The sweater was discovered in storage over 40 years later by one of the designers of the brand that created it, Warm & Wonderful.
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After Diana first wore the sweater, designers received a letter from Buckingham Palace asking if it could be repaired or replaced.
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The original, damaged sweater was forgotten about until one of the designers found it in storage earlier this year.
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Diana wore a second version of the sweater for another one of Charles’ polo matches in 1983, styling it with a white blouse, black bow, and white pants.
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