Several of the same exact dresses were made for "Dorothy Gale", but the one that celebrity auctioneer
Darren Julien is auctioning off is the only one shown in the film, and the only one of the dresses still in its original form,
Sky News reports.
Since the film's release in 1939, the dress has inspired many Halloween costumes, and will always be one of the most unforgettable dresses in film.
According to
The AP, the dress will be on display at London's Stafford Hotel starting Tuesday. It will then be exhibited at Julien's Auctions in Beverly Hills, CA from November 5-9.
The auction, titled, "Icons and Idols 2012" will take place from November 9-10,
The Daily Mail reports.
Julien believes the dress could sell for half a million dollars,
The AP reports.
According to
The Daily Mail the starting bid for the dress is at $200,000, but it is not the only legendary piece of Hollywood glory up for grabs.
Since 2012 marks the 50th anniversary of Marilyn Monroe's death, the
skirt she wore in those unforgettable pictures taken by John Vachon and her personal make-up collection will also be auctioned off.
A "conformed" copy of Marilyn's Last Will and Testament from 1961 is also estimated to sell for about $7,000.
Other popular movie costumes will also be
auctioned off such as Katherine Hepburn's jacket from
Desk Set and Rita Hayworth's gown from
Strawberry Blonde.
Items celebrating the life and career of Robert Goulet will also be up for grabs.
The auction will have a little something for everyone. People from a slightly younger generation may better appreciate Pierce Brosnan's James Bond suit from
Goldeneye or the costume Angelina Jolie wore for her Academy Award winning performance in
Girl, Interrupted.
The Superman special effects costume late actor Christopher Reeves wore in Superman
IV: The Quest For Peace is also up for sale, and is likely to sell for around $20,000,
The Daily Mail reports.
A list of all items are available now at Darren Julien's [url=http://www.juliensauctions.com/auctions/2012/icons-and-idols-hollywood/icatalog-accept.html, and can be bid on now. A bunch of Disney memorabilia and a dress Joan Collins wore in the 1980s show
Dynasty among many other rare pieces of entertainment history are for sale.