Anyone who 's ever wanted to look , or dress like a princess will have the opportunity on Tuesday , when one of Princess Diana 's most `` fairytale '' frocks goes under the hammer at Kerry Taylor Auction House in London . The princess was photographed many times while wearing the ball gown , which was the creation of David and Elizabeth Emanuel , Diana 's favorite designers , and was inspired by Diaghilev 's Ballets Russes . The dress -- a shimmering white organza number with gold sequins , crystals and pearl beads embedded throughout -- first caught her eye at a Red Cross benefit fashion show in 1986 . The entire ensemble includes a petticoat , removable sleeve panels and a matching head band . Read more : Francis Bacon painting auctioned for more than $ 142 million , breaks record . `` This dress has a real 1980s , New Romantic style , '' says Kerry Taylor , the auction house owner . The Emanuels , she points out , were of particular significance to Diana , who used them to design both the black taffeta gown she wore for her first public appearance after the announcement of her engagement to Prince Charles , as well as the royal bridal gown for her marriage to the Prince in 1981 . Diana also seemed very smitten with the `` Diaghilev '' dress , as she wore it to a number of public events , including during a state visit of Richard von Weizsaker , the then-President of the Federal Republic of Germany ; to a performance at the Royal Opera House and for the premiere of the James Bond film `` The Living Daylights '' . `` This dress was a real favorite of hers , '' says Taylor . `` It 's the kind of dress that a little girl sitting down at school will draw when she 's asked to draw a princess . '' Diana would often forgo the headband , and instead pair the dress with a tiara , and she would wear the petticoat and sleeve panels interchangeably . `` She gave it lots of different looks and wore it with lots of different accessories , '' says Taylor . Read more : When street art meets runway style . The dress is expected to sell for $ 130,000 when it goes to auction . Taylor , who has sold other famous Diana garments , including the couture velvet gown she wore on her first official visit to the White House ( where she famously two-stepped with John Travolta ) , says that the Princess ' wardrobe tends to auction for anywhere between $ 50,000 and $ 500,000 . `` The value depends on how beautiful they are , how historically important , if there 's a story behind the dress , how often the Princess wore the dress , and if she was photographed in the dress . All these things add to its value , '' she says . Previously , the `` Diaghilev '' dress was owned by an American collector who used it as a means to raise funds for charity . Until recently , it had been on loan at Kensington Palace . Now , says Taylor , the collector wants to `` pass on the responsibility '' . As for who is likely to bid on the piece on Tuesday , or why , Taylor says she has no idea . `` It 's always a surprise . Most people only want one , so you rely on people to come out of the woodwork , '' she says . The reasons for buying a Diana dress are equally unexpected , she notes . `` The man who bought the John Travolta dress wanted to cheer up his wife . She had a nasty fall and hurt her leg , and he saw the dress and thought , 'this is just the thing . ' '' Read more : Warhol painting sold for $ 105.4 million . Read more : Designer takes bull by the horns ... and crafts luxury jewelry .
Princess Diana 's Disney-like ballgown will go under the hammer in London . It was created by the designers of her wedding dress , David and Elizabeth Emanuel . The price tag is expected to be around £500,000 ( $ 650,000 ) Score: 6 Title: TIL that there are two types of people who have a hard time with math -