Madonna’s iconic "Material Girl" dress is going under the hammer. The hot pink satin gown worn by the pop star for her 1984 music video will be up for auction as part of Julien’s Auctions.

Material Girl, the new junior’s clothing line created by Madonna and her 13-year-old daughter, Lourdes Ciccone Leon (a.k.a. Lola), hits 200 Macy’s stores nationwide Aug. 3.