Breakfast At Tiffany's dress fetches £467,200

The iconic black dress worn by Audrey Hepburn in the 1961 film "Breakfast at Tiffany's" sold for £410,000 yesterday, around seven times its pre-sale estimate.

Including the premium paid to auctioneers Christie's, the total cost for the sleeveless, floor-length Givenchy cocktail gown rose to £467,200.

The sale room at Christie's broke into applause at the end of a long and tense session when it was finally bought by an anonymous telephone bidder. Christie's would only say that the successful bidder was European. The dress, one of three versions made for Ms Hepburn for her role as socialite Holly Golightly in the classic romantic comedy, was being auctioned on behalf of the City of Joy Aid charity which helps underprivileged children in India.

"There are tears in my eyes," said Dominic Lapierre, who runs the charity. Givenchy gave the dress to his friends the Lapierres to raise money for the charity. "I am absolutely dumbfounded to believe that a piece of cloth which belonged to such a magical actress will now enable me to buy bricks and cement to put the most destitute children in the world into schools."