Lady Diana dress from 1981 sells for £192,000

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A dress that marked the transformation of the Princess of Wales from a shy society girl to the consort of the future king has been bought by a fashion museum in Chile for £192,000.

In 1981, the then Lady Diana Spencer, who was 19, wore the black taffeta dress to her first official engagement with her fiance, the Prince of Wales.

The dress, which had spent 20 years forgotten in a bin bag in its designers' garage, had been expected to sell for £50,000. In the end it went for nearly four times the amount as bids kept coming in.

Auctioneer Kerry Taylor described the auction as "probably the most exciting" of her career.

READ MORE: Diana's dress sells for £192,000