Unless given to members of the cast or crew, film props were generally destroyed and forgotten about until the 1970s. From then on, MGM studios realised they could make some serious money by auctioning off material, especially from The Wizard of Oz. Collecting props has since become a hobby mostly for men, as Stephen Lane of Propstore (www.propstore.com) admits. "Star Wars stormtrooper helmets, Batman's cape and [] James Bond are hugely popular. So yes, it's a predominately male clientele."
Lane is putting James Bond guns on auction at Christie's on 5 December, including Sean Connery's Walther PPK from Dr. No. He expects it to sell for £30,000. Meanwhile, a stormtrooper's blaster will easily go for £30,000, and an entire costume will sell for in excess of £50,000. More iconic items have sold for even more Dorothy's ruby slippers from The Wizard of Oz fetched $666,000 at auction several years ago.
So it's little wonder that film buff Andy Goulding tells the FT that buying props has "been more profitable for me than my property investments". But as Lane points out, sourcing a bargain is like "looking for a Picasso on Ebay", and fakes abound. When buying an item, ensure that the seller is authorised by the studio this can be done by contacting the studio that made the film, or by asking to see the seller's certificate of authenticity.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Six out of 10 retirees who accessed a pension didn’t use Pension Wise - how does the guidance service work?Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be useful for you?
-
UK-EU trade deal: Britain to get a £9bn boost to the economy by 2040The government’s agreement with the EU follows on from separate deals with India and the United States. Will it breathe life into the UK economy?
