Monday, June 20, 2011

Debbie Reynolds Sells Marilyn Monroe's Dress from 'Seven Year Itch' for $5.6 Million

Hollywood legend Debbie Reynolds has taken it upon herself to preserve the history of Hollywood by spending millions of dollars over the last thirty years collecting iconic pieces of movie memorabilia. The star of TammySingin' in the Rain, The Unsinkable Molly Brown, and more recently, Will and Grace, as Grace's mother Bobbie, had always planned on opening a museum to house her collection, but never had the money to make it happen.

Time reports that one of Reynolds prize possessions, Marilyn Monroe's billowing halter dress from The Seven Year Itch, sold at auction on Saturday for a record $5.6 million.

Marilyn Monroe's ivory “subway dress,” the costume that contributed heavily to America's love affair with the iconic beauty, sold for $5.6 million at an auction in Beverly Hills on Saturday.
The actual bidding price for the dress was $4.6 million, but the unidentified buyer, who bid over telephone, must pay an additional $1 million commission fee. The dress was expected to fetch $2 million.

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