But what adds to the fun is that the snipe for the photo accompanies it (so we know it's original), and here's what it says:
"A new color combination is introduced in this luxurious costume Carole Lombard is wearing in THE PRINCESS COMES ACROSS, a Paramount production with Fred MacMurray sharing the starring honors. Designed by Travis Banton, the outfit includes a short, one-piece dress of dull, light blue kasha, and a circular cape lined in dark brown and trimmed lavishly with blue fox. Miss Lombard's accessories are dark brown. Her hat is a sophisticated turban with a swirling voil of dark brown chiffon. When you see the picture, you'll understand why this costume is particularly important to the plot."
So while no color images of Carole's "Princess" costume are known to exist, we at least now know what it would look like. Colorizers, try your hand.
More things that make this item appealing: It's 8" x 10", in very good condition and is doubleweight.
No one's bid on this as of this writing; bidding starts at $9.99 and is slated to end at 8:39 p.m. (Eastern) next Sunday. If you'd like to bid, or just want to learn more, go to http://cgi.ebay.com/Carole-Lombard-ORIGINAL-1936-fashion-portrait-DW_W0QQitemZ260577067230QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item3cab9a80de.