Lupita Nyong’o made headlines with her stunning Oscar dress, adorned in pearls, making for a memorable red carpet debut. Even more memorable was the report that the dress had been stolen from her hotel room. Police confirmed that the beautiful, white dress that Nyong’o wore had been reported missing on Wednesday. While police have been watching surveillance videos from the hotel, and working to find the missing dress, retailers have been poking at numbers, trying to estimate the value of the Oscar dress. It turns out that the number was much higher than police originally valued. Retailers are now saying that the Oscar dress worn by Lupita Nyong’o is well worth more than $150,000.
The thief’s original intentions in stealing the Lupita’s Oscar dress are unknown, but news sources are now saying that the dress may not ever return if the thief knew the value of the dress. If the thief did not know the value when originally stealing the Oscar dress, they do now. Media has been posting their estimated values for the dress, making selling it probably more tempting to the criminal. But this dress will not just show up on Ebay or some other second hand retail store. Obviously, the dress can not just easily be sold in its current condition, as it would clue in police. With the new reviews on the worth of the Oscar dress, it is likely to be chopped and sold for parts.
That’s right – parts – as in all of the pearls that the dress was beautifully adorned with. This is why retailers are estimating that Lupita Nyong’o’s Oscar dress’s value is worth much more than the police estimate of $150,000. Estimates are actually now reflecting that the dress could be worth up to $1 million or even $10 million, depending on the sizes of the pearls. From the Calvin Klein Collection, the Francisco Costa custom gown holds over 6,000 pearls. According to sources, if these were cultured pearls the police estimate would be right, however, retailers are saying that these are natural pearls, worth much more in their strands.
Heidi Cohen who is director of marketing for the internet retailer American Pearl, told Women’s Wear Daily that each strand of pearls could be valued at around $10,000. Meaning that if the Oscar dress was just sold retail price it could receive around $1 million dollars, but up to $10 million if sold at auction. Cohen stated that since the natural pearls are rare, the dress is worth a high amount. Because of this, sources are saying that the chances of the Oscar dress, worn by Lupita Nyong’o, being recovered in one piece are very slim.
As a result, Vogue has posted pictures of the team constructing the Oscar dress and fitting it to Nyong’o. The creator, Francisco Costa has expressed his feelings towards the dress’s theft on Instagram, though his post reflected the original value of $150,000.
It is unsure what will happen to Lupita Nyong’o’s Oscar dress, but it is clear that no matter how much the dress is worth exactly, it is a large amount. Police are still investigating the theft, hoping to get some clues. Until then, pictures are all that remains of the beautifully constructed pearl Oscar dress.
Opinion by Crystal Boulware
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