Princess Beatrice Nets First Bid Of $7K On Outrageous Wedding Hat

May 12 2011, Published 8:28 a.m. ET
Breaking Celebrity News Staff Reporter
One man’s garbage is another man’s treasure.
Princess Beatrice’s wacky Royal wedding hat went up for auction Thursday on eBay and has already garnered a first bid of £5,000 – which is $7,120.75!
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The outrageous headpiece was made by London mat hatter Philip Treacy and the winning bid will be donated to UNICEF and Children in Crisis.