On June 19, 2011,the Ascot dress and hat worn by Audrey Hepburn in the 1964 Academy Award-winning film, “My Fair Lady,” sold at auction for an incredible $3.7 million. The ensemble was designed by Cecil Beaton and was sold from the Debbie Reynolds Collection. Originally, the actress Debbie Reynolds paid $100,000 for the outfit.
Worn by Miss Hepburn in the most memorable scene in the film, it is perhaps the most famous garment ever designed for a motion picture and, most assuredly, Mr. Beaton’s magnum opus.

Audrey Hepburn as Eliza Doolittle at the Royal Ascot horse races. In the film, Eliza is every inch a refined English lady until the horserace tightens. Then she erupts in a stream of Cockney speech that threatens to blow her cover as a Covent Garden flower girl.
For more on Audrey Hepburn, click here.