Princess Diana
Versace is preparing to release a gown worn by Princess Diana, photographed here arriving at the Royal Geographical Society. The gown is destined for Julien's Auction, where it is expected to fetch upwards of $30,000. Reuters

If you’ve ever wanted to dress like a royal, now’s your chance. One of Princess Diana’s most famous gowns is coming out of the vault for Julien’s Auctions’ Hollywood Legends sale, meaning it could be yours -- just as long as you can pay the hefty price tag attached to this legendary piece of fashion history.

The good people at Versace are digging into their fashion archives and pulling out a fan favorite for the upcoming auction. The famed fashion house has decided to part ways with an ice blue gown worn by Princess Diana on the cover of an issue of Harper’s Bazaar. The silk dress features a mixture of square and round golden studs alongside colored glass beads. People magazine reports that it is the first gown Gianni Versace, who founded the popular label, made for the Princess. Although Versace has decided to sell the gown, the company is not willing to take just any price. Bidding will begin at a whopping $30,000, but it could fetch a much higher price, analysts say.

The cover photo, shot by Patrick Demarchelier, shows the late royal sitting with a hand on her hip and a smile on her face while sporting the beadazzled, body-hugging garment. The picture appeared on the famous fashion mag’s cover in November 1997, just three months after her tragic death. It was not initially taken for that purpose.

Princess Diana died in August 1997. She was killed after a two-car collision in a Paris roadway tunnel. Dodi Fayed, who was riding with Diana at the time, as well as Henri Paul, the driver of the vehicle that hit them, were also pronounced dead at the scene. The accident took place at the Pont de l’Alma tunnel. Her bodyguard, Trevor Rees-Jones was the only survivor. To this day, it is unclear what exactly caused the accident, though it is widely believed that paparazzi following the vehicle are to blame. There are, however, many other unproven theories regarding the incident.

The auction goes live on June 27 at 1 p.m. EDT on