Princess Diana’s iconic black “revenge dress” is set to go under the hammer in New York this December, nearly three decades after it was last sold at auction. The silk Christina Stambolian dress will headline Sotheby’s standalone fashion evening auction on December 9, with an estimated value of $150,000 to $300,000, or roughly Rs 1.4 crore to Rs 2.8 crore.

Princess Diana's "revenge dress," which she wore to a Serpentine Gallery fundraiser in 1994, will be auctioned by Sotheby's New York on Dec. 9.

Worn by Diana, Princess of Wales to an event at London 's Serpentine Gallery in June 1994, her little black dress didn't merely set a trend - it inspired a whole genre.

The dress is estimated to sell for between £110,000 and £220,000

Its estimated worth? Somewhere between $150,000 and $300,000.