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Princess Diana's Daring Black Dress Fetches Over $275,000 at London Auction

Lady Diana Spencer at a charity event at in London. (AP Photo/Peter Skingley) Peter Skingley

NEW YORK (CBS) The daring black taffeta dress that transformed Princess Diana into a fashion icon has been sold at a London auction for more than $275,000.

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At the age of 19, the then Lady Diana Spencer wore the silk number to a London charity event - her first official engagement with fiance Prince Charles.

With its revealing neckline and dark hue, the dress was deemed by many as too daring for the bride-to-be.

The gown was designed by David and Elizabeth Emanuel.  The two would later design Princess Diana's wedding dress.

In her book, "A Dress for Diana," quoted in a BBC report, Elizabeth Emanuel wrote, "The transformation was incredible. She arrived looking like the nursery school teacher she was, but now she looked like a movie star." 

The dress, which was expected to fetch anywhere between $44,000 and $73,000, was sold to a Chilean fashion museum.

"It's the perfect ending to a perfect sale," said auctioneer Kerry Taylor.

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