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Million-Dollar Baby... Diana's Wardrobe Sale... Chanel Hire...

Gucci’s new spring 2011 children’s collection will be unveiled on June 24 during the Pitti Bimbo trade fair.

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DIANA’S WARDROBE SALE: The daring black taffeta strapless gown worn by a 19-year-old Princess Diana for her first official appearance following her 1981 engagement to Prince Charles sold for 192,000 pounds, or $276,426 at current exchange, at an auction in London on Tuesday.

The dress — designed by David and Elizabeth Emanuel — was part of a 30-piece collection from the Emanuel’s archive dating from 1981 to 1986, which was sold by the Emanuels through Kerry Taylor Auctions in association with Sotheby’s. The dress was bought by Jorge Yarur, who founded Fundación Museo de la Moda in Santiago, Chile. Yarur has an extensive collection of Princess Diana’s dresses at the museum. Kerry Taylor said that Yarur had noted that he plans to eventually bequeath the dress collection to Kensington Palace in his will. The whole collection, meanwhile, fetched a total of 282,720 pounds, or $407,032, at the auction.

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