Kate Middleton's Sheer Dress Sells for $125,000

kate middleton
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Kate Middleton modeled this dress in a 2002 St. Andrews University fashion show.

The sheer dress that sparked a royal love match (and hence, the world's obsession with a certain British brunette) has fetched big bucks at a London auction.

The Kerry Taylor Auctions "Passion for Fashion" sale raked in a staggering £78,000 (around $125,000) for the racy see-through number modeled by a young Kate Middleton in a 2002 St. Andrews University fashion show.

Worn over a bandeau bikini and boasting turquoise trim, Charlotte Todd's design drew the eye of fellow student Prince William, who is reported to have commented, "Kate's hot!" And they lived happily ever after?

A collector from Jersey, England, was the lucky bidder for the dress, which cost just £30 (about $50) to make and was expected to take in a fairly modest £10,000 ($16,000), Vogue U.K. reports.

"I didn't know who Kate Middleton was and I didn't put her in it," Todd, who designed the dress (originally intended to be worn as a skirt) for a course assignment aptly called "The Art of Seduction," tells People StyleWatch. "It was just pure chance!"

"I'm thrilled. Everyone says that the fashion show was when the romance started and when she bagged her prince, so a small part of me will always be part of royal history. It's madness!"