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Princess Diana's iconic 'black sheep' sweater to be auctioned for over $50,000

  • A red sweater worn by Princess Diana featuring a black sheep pattern will be auctioned.
  • Diana wore the sweater in 1981 shortly after her engagement to Prince Charles.
  • The original sweater was damaged so designers Sally Muir and Joanna Osborne made a replacement.
  • The damaged original sweater was recently rediscovered and will be displayed at Sotheby's before auction.
  • The auction estimate for the sweater is between $50,000 to $80,000.
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