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| Sylvester Stallone (Photo: FilmMagic) |
Sylvester Stallone had an epiphany. Oprah Winfrey wanted to move on. Burt Reynolds reportedly wanted to pay some bills, but, no, he insisted otherwise: He wanted to downsize.
There are good reasons everyday people sell off their belongings via auction: cash, decluttering, cash, etc. There are good, celebrity-specific reasons stars do it too.
“Many celebrities feel a personal responsibility to safeguard the important items from their careers. They worry about fire, theft, or the sprinkler breaking in their warehouse. They are paying rent and insurance, and often curatorial expenses, year after year,” Greg Rohan, president of Heritage Auctions, told Yahoo Celebrity via email.
Rohan’s Beverly Hills, Calif.-based auction house is handling the Stallone auction, which will see the Hollywood icon, late of the Rocky spinoffCreed, put more than 1,400 props and personal items, including paintings, up for bid online and in Los Angeles from Friday-Sunday. Highlights of the collection include Stallone’s Clubber Lang-tested Rocky III boxing trunks, his Rocky Balboa leather jacket from 1976’s Rocky, and a John Rambo-used machete from 2008’s Rambo.
Stallone has lots of Rocky memorabilia he just doesn’t need anymore. (Photo: AP Images)
Stallone, 69, said he was inspired by a John Wayne auction that Heritage handled for the late western hero’s John Wayne Enterprises in 2011.
“I thought it would have been so much more effective if John Wayne had still been alive so he could explain to his fans what some of his pieces meant to him,” Stallone told the Associated Press in July.
Stallone also talked about reaching a point where he didn’t know why he was keeping so many things, for so long.
You can never have too many pairs of satin shorts. (Photo: AP Images)
“I haven’t been in this [storage] place in 15 years, so what are you hoarding?” Stallone said in The Intelligent Collector, a magazine run by Heritage.
Joan Collins took a similar path to her own auction, which was held Wednesday, and which saw a cream-colored outfit worn to her damehood ceremony sell for $25,600.
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