Princess Diana's famous aubergine silk velvet dress will be auctioned at Sotheby's in New York later this month.
The strapless evening dress, designed by British couturier Victor Edelstein, is expected to fetch up to $120,000 at the sale.
The late Princess of Wales wore the dress several times, including in a royal portrait in 1991, shot by Antony Charles Robert Armstrong-Jones. In the same year, Diana was depicted in a painting wearing the dress. The artwork by Douglas Hardinge Anderson now hangs at The Royal Marsden Hospital in London.
It was also featured in a photo shoot with Vanity Fair in 1997, only months before the princess's tragic death.
In 1998, the dress was recreated for a doll made by The Franklin Mint.
“A dramatic ball dress, in 'Infanta'-style, from the Collection of Diana, Princess of Wales,” reads the description on Sotheby's website.
"A strapless, evening dress of deep aubergine silk velvet, with a tulip-shaped stiffened skirt, augmented by three paste buttons at the back, designed by Victor Edelstein."
The latest Sotheby's auction will only be the second time the dress has been sold — the first was in 1997 during a charity auction that included 79 dresses donated by Diana. It was sold for $24,150 at the time, with the whole auction collectively reaching $3.25 million.
Edelstein designed several pieces for Diana for more than a decade, from 1982 to 1993. The aubergine dress was part of his autumn 1989 collection. The initial sketch of the design included an outline of a tiara, which Sotheby's said suggests "he specifically had Diana in mind for the dress”.
“When I started designing for her she was just starting to move away from the first period of clothes — what I think were rather like little girl’s clothes made bigger,” recalls Edelstein in a quote on Sotheby's catalogue note. "Her style became more sleek and sophisticated, and more grown up."
Perhaps the most popular dress Edelstein designed for Diana was the ink blue “Travolta dress” in 1985. The princess wore the velvet gown at a gala dinner at the White House in 1985, where she famously danced with American actor John Travolta. The gown sold for $347,000 in 2019 to a charity.
Edelstein, who closed his fashion house in 1993, had other prominent clients including the Duchess of Kent, the Princess of Hanover and Vogue editor Anna Wintour. The British designer has now established himself as a painter.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
In-demand jobs and monthly salaries
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MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid
When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid
Nepotism is the name of the game
Salman Khan’s father, Salim Khan, is one of Bollywood’s most legendary screenwriters. Through his partnership with co-writer Javed Akhtar, Salim is credited with having paved the path for the Indian film industry’s blockbuster format in the 1970s. Something his son now rules the roost of. More importantly, the Salim-Javed duo also created the persona of the “angry young man” for Bollywood megastar Amitabh Bachchan in the 1970s, reflecting the angst of the average Indian. In choosing to be the ordinary man’s “hero” as opposed to a thespian in new Bollywood, Salman Khan remains tightly linked to his father’s oeuvre. Thanks dad.
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UAE v Gibraltar
What: International friendly
When: 7pm kick off
Where: Rugby Park, Dubai Sports City
Admission: Free
Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)
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Spare
Profile
Company name: Spare
Started: March 2018
Co-founders: Dalal Alrayes and Saurabh Shah
Based: UAE
Sector: FinTech
Investment: Own savings. Going for first round of fund-raising in March 2019
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MATCH INFO
Uefa Champions League, last 16, first leg
Tottenham Hotspur v Borussia Dortmund, midnight (Thursday), BeIN Sports
THE BIO
Favourite car: Koenigsegg Agera RS or Renault Trezor concept car.
Favourite book: I Am Pilgrim by Terry Hayes or Red Notice by Bill Browder.
Biggest inspiration: My husband Nik. He really got me through a lot with his positivity.
Favourite holiday destination: Being at home in Australia, as I travel all over the world for work. It’s great to just hang out with my husband and family.