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In 2016, Ripley's purchased it for $4.8 million, a price that at the time made it the most expensive dress ever sold at auction

OUTER BODICE AND PEPLUM: 100% Polyester

Shop the look: Burgundy lace cocktail dress: Buy from Amazon, $38 Black rhinestone heels: Buy from Amazon, $45.99 Rhinestone drop earrings: Buy from Amazon, $11.99 Rhinestone bracelet: Buy from Amazon, $17.95 Black satin clutch: Buy from Amazon, $16.99 Cocktail attire DO: Keep the hemline at or below the knees Cocktail attire is all about sophistication, which means moderate hemlines are a must

commense.official Wescott Gingham Playsuit Black / White Gingham playsuit Plunge neckline, shirred, zip closure at back, puff sleeves Non-stretch material, unlined 60% cotton 40% polyester Cold gentle machine wash Princess Polly Sweet Home Gingham Dress Embrace cottage style charm with the Sweet Home Gingham Dress by Dangerfield

Finished in a floor-grazing maxi length, this dress is made for evenings that call for quiet drama and effortless sophistication