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'Wizard of Oz' ruby slippers set record at auction

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A pair of ruby slippers worn by Judy Garland in "The Wizard of Oz" have set a record at auction.

The shoes fetched $28 million in bidding. The price will reach $32.5 million when adding the auction house's fee.

The previous record for a piece of entertainment memorabilia was $5.52 million. That was for a white dress worn by Marilyn Monroe.

Read more from Fox Business.

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