Princess

Princess Diana dancing with John Travolta in the entrance hall at the White House.

The famous Edwardian gown that Princess Diana wore while dancing with John Travolta during a 1985 state dinner at the White House was sold for a staggering $800K at a Toronto auction.

Apart from the iconic gown, the Waddington's auction house also featured a number of other designer gowns of the late princess who was known for her unique sense of fashion and elegance.

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Prior to the auction, the silk velvet gown designed by Victor Edelstein was estimated between $800,000 and $1 million.

I think that that dress still represented $800,000 and an exponential return on its original purchase price, and I think 10 years from now people will be looking on that price as a bargain, the ChronicleHerald quoted Stephen Ranger, vice president of business development for Waddington's stating.

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Other highlights of the auction include a silk creation by designer Catherine Walker which sold for $340,000, a black halter dress for $210,000 and a dinner dress sold for $250,000.

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