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OTRC: Judy Garland's 'Wizard of Oz' dress sells for $480,000

The iconic blue and white gingham dress that Judy Garland wore in "The Wizard of Oz" sold for $480,000 at an auction on Saturday, November 10.

The Associated Press reports that the costume fetched the highest price of any item during Julien's Auctions two-day auction of Hollywood memorabilia.

Earlier this year, Leonardo DiCaprio led a group of "angel donors" that included Steven Spielberg to buy a pair of the iconic ruby slippers from "The Wizard of Oz," for the Academy Museum of Motion Pictures.

A prequel to the events of "The Wizard of Oz" will be featured in the upcoming film "Oz: The Great and Powerful." The film stars James Franco, Mila Kunis, Michelle Williams and Rachel Weisz and is adapted from the L. Frank Baum novel "The Wonderful Wizard of Oz."

Other items auctioned off included Steve McQueen's racing jacket, which sold for $50,000, a purple skirt worn by Marilyn Monroe while filming "River of No Return" and Julie Andrews' "Sound of Music" dress, which was sold for $38,400.

Bidders also had a chance to get pieces of royal wedding cakes. Prince William and Kate Middleton's cake sold for $7,500 while Prince Charles and Princess Diana's cake sold for $1,375.

Julien's Auctions is known for the auctions of other pop culturally significant items like Whitney Houston's dress and earrings she wore in "The Bodyguard" and Michael Jackson's red leather jacket seen in the 1983 "Thriller" music video.

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