Princess Diana's velvet dress was sold at auction for a record amount of $1.1 million. This was announced on the auction site "Julien's Auctions." The evening gown was sold at the "Julien" auction in Hollywood for $1.14 million, which was 11 times higher than its estimated value. The famous velvet outfit features a blue skirt adorned with a belt and a large bow. Notably, Princess Diana first wore this outfit in 1985 in Italy during a royal tour with Prince Charles. It is worth mentioning that Princess Diana was married to Prince Charles from 1981 to 1996, and their marriage produced two children, William and Harry. In 1997, Diana tragically died in a car accident in France.