Princess Diana's legendary "revenge dress" is set to hit the auction block nearly three decades after she made a powerful statement in it. The off-the-shoulder, figure-hugging black silk gown, designed by Greek couturier Christina Stambolian, is being offered by Sotheby's with a presale estimate of $150,000 to $300,000.

The dress first went on public display in London on Friday, kicking off an international tour ahead of its auction in New York on December 9. It was worn by Diana on June 29, 1994, to a gala at the Serpentine Gallery in London—the very same evening that her then-husband, King Charles III, publicly admitted to adultery in a televised interview.

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Sotheby's global head of handbags and fashion, Morgane Halimi, said the dress was a deliberate choice by Diana to reclaim her narrative. "She used fashion as a way to express herself and take control of her story," Halimi noted.

Images of Diana in the dress, paired with a sapphire necklace, black pumps, and bright red nail polish, ricocheted across the globe. The next day, Britain's The Sun newspaper famously declared: "Revenge is chic." The ensemble has since become one of the most iconic looks associated with the late princess, who was among the most photographed women in the world.

The "people's princess" later acknowledged the affair in a 1995 interview, memorably saying, "There were three of us in this marriage," a reference to Charles's relationship with Camilla Parker-Bowles, now Queen Camilla. Charles and Diana divorced in 1996, and Diana died in a Paris car crash the following year at age 36.

This is the first time the dress has been auctioned since 1997, when Diana sold it along with other garments to raise funds for AIDS charities. Sotheby's expects the dress could fetch well above its estimate, especially given the record-breaking sale in 2023 of a red sheep-patterned sweater Diana wore to a polo match, which went for $1.1 million—the highest price ever paid for one of her items.

The "revenge dress" will remain on display in London until September 24, then travel to Hong Kong and Geneva before the New York auction. Its enduring allure underscores how Diana's fashion choices continue to resonate as symbols of personal agency and defiance.

For those following royal history and its intersections with politics and media, the auction offers a tangible piece of a moment that reshaped public perceptions of the monarchy. As UK-US security ties remain a focus, this sale also highlights the transatlantic fascination with royal narratives.

While the dress is a fashion artifact, it also serves as a reminder of how personal stories can influence public discourse—something that remains relevant in today's political climate, where voters demand action on pressing issues and leaders navigate their own scandals.