Iconic Marilyn Monroe Dress Sells for $5.6 Million

We knew we should've been saving our pennies up all these years, and now it's too late: Marilyn Monroe's iconic white dress from The Seven Year Itch has sold at auction for $5.6 million.

Beyond that "subway" dress that flew up so perfectly for Marilyn, $2.7 million was shelled out for three of her other movie outfits. All these goodies were sold off by Debbie Reynolds, an actress herself, who's been amassing quite the Hollywood collection over the last 50 years, reports CNN.

Reynolds was reportedly in tears when, after 20 minutes of drama, which ended in the sale price of $4.6 million. Another cool million goes to the auction company. The mystery bidder relayed bids over the phone, in a super secret move straight from a movie.

It could be a sign of an economic upswing that collectors are willing to throw that kind of cash on the table, or perhaps just an indicator that Hollywood memorabilia of such legend will always be worth hefty amounts of dough.

Collector Keya Morgan, who is writing a book on Monroe, told CNN Saturday's bids were "totally crazy, especially in this recession," adding that bidding on the dress was "totally magical."

Marilyn Monroe's iconic dress sells for $5.6 million at auction [CNN]

from M. B. Quirk @ The Consumerist