An ivory chiffon dress by designer Zandra Rhodes, worn by Princess Diana to a benefit in 1987, is auctioning at Nate D Sanders.

The dress carries an opening bid of $55,000, with the sale due to close on March 27.

The dress first sold at Christie's New York in 1997

The dress originally sold for $41,400 in a 1997 auction at Christie's New York organised by Diana herself - with the proceeds going to charity.

It then sold at Kerry Taylor Auctions in London in March 2013 where it achieved £48,000 ($80,000), equating to a return of 4.2% pa over 16 years.

The dress worn by Diana when she danced with John Travolta at the White House sold in March last year for $362,500, while Diana's Catherine Walker tuxedo gown made $75,000 in November 2013.

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