Christie's auction house is offering the seed pearl-encrusted satin dress, compete with waist-cinching built-in corset, designed by costume designer Helen Rose.
Taylor was 18 when she wore the gown to marry hotel heir Conrad "Nicky" Hilton Jr. In May 1950, an event, studio MGM boasted, attended by "more stars than there are in heaven."
The couple divorced months later and Taylor went on to wed seven more times. She died in 2011, aged 79.