Sotheby's, New York, has announced that the iconic black sheep Warm & Wonderful sweater, famously worn by Princess Diana, has achieved an astounding sale of $1.1 million.
The auction house tweeted on Thursday that frenzied bidding had pushed the sweater to this impressive sale price in their inaugural Fashion Icons auction. Get exciting updates from dailypopmix.com.
Explanation in a soft manner
Sotheby's reports that Princess Diana wore the sweater in 1981 to a polo match with Prince Charles. In the same year, a letter was sent from Buckingham Palace to Warm and Wonderful, a British luxury knitwear brand, politely explaining that the jumper had been damaged and requesting either a repair or replacement.
Read Also: Tara Reid's Memorable Moments On Reality TV
The identity of the victorious individual or team
According to the auction house, Warm and Wonderful sent a replacement sweater to the recipient, which she wore to another polo match in 1983. The bidding for the item opened on August 31 and remained under $200,000 until the auction's final minutes.
Sotheby's had estimated the sweater's value to be between $50,000 and $80,000. However, the identity of the winning bidder was not disclosed.
Price that is higher than other products
According to a report, the sweater, discovered in an attic in March, fetched a higher price than many other items associated with the "People's Princess" sold at recent auctions. The sweater's design is often regarded as symbolic of Diana's position within the royal family.