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The dress is anticipated to reach $150,000-$200,000. Honestly, I think that price might be a little low. This dress is so iconic, I wouldn't be surprised if it reaches higher prices at the auction block.
Along with this dress, the auction includes other fun memorabilia from Hollywood, including Margaret Hamilton's witch hat from The Wizard of Oz and Johnny Depp's pirate jacket from Pirates of the Caribbean. Personally, I think I'd like to buy Julie Andrew's carpet bag from Mary Poppins. You never know when you're might need a hatstand, and having that bag would be handy, right?
You can read more about the auction here. And if you are a LOST fan, you might be interested in seeing the auction preview of the LOST memorabilia that is for sale. I would totally bid on Charlie's "Driveshaft" ring.