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Valentino retired from his fashion empire in 2007, with Alessandra Facchinetti and then the duo Maria Grazia Chiuri (who departed in 2016) and Pierpaolo Piccioli succeeding him as creative directors

Overall, it is essential to remember that dressing appropriately for a black-tie event shows respect for the occasion and the host

Which is why, as fashion historian Valerie Steele wrote in her book The Berg Companion to Fashion Hepburns dress is still the most famous of all little black dresses. And why it fetched 467,200 (about $604,000 in todays money) when it was auctioned at Christies in 2006, making it one of the most expensive film memorabilia of all time

If you receive an invitation to a fancy event, the invitation may likely specify a formal or black tie dress code