Sylvester Stallone Auction Brings in More Than $3 Million

Sylvester Stallone parted ways with some of his most iconic movie items to the tune of more than $3 million, according to Dallas-based Heritage Auctions. A portion of the proceeds went to charities important to the actor.

Ionic costumes, props and personal items were sold to the highest bidders at three public auctions in Beverly Hills and online over the weekend.

Earlier this year, Stallone realized all the items from his movies had been wrapped up and preserved meticulously and decided to auction the pieces. Stallone handed over more than 1,400 items and about 850 lots were up for auction.

Rocky Balboa's leather jacket from "Rocky" sold for $149,000 after what Heritage Auctions called "spirited bidding."

A pair of boxing trunks from "Rocky IV" worn during in an early match against Ivan Drago, played by Dolph Lundgren, sold for $57,500. The red satin robe, boxing shorts and leather boxing shoes worn by the Drago character sold for $45,000.

No item was too small for movie fans, the small black rubber handball Stallone's character carried with him in "Rocky" and "Rocky II" sold for $32,500.

John Rambo's canvas poncho from "First Blood" sold for $60,000, much higher than the pre-sale estimate of $10,000.

The costume armor, created by the late Gianni Versace, and prop gun Stallone wore in the sci-fi thriller "Judge Dredd" sold for $30,000.

Collectors also bid on personal mementos Stallone gathered throughout his career. A pair of 1980 Muhammad Ali training gloves, signed by the boxing legend and given to him nine days before Ali lost the Heavyweight Champion title to Larry Holmes, sold for $47,500.

Stallone attended the opening hours of the first two auction sessions.

"The memorabilia I have has been used and been a part of my life for, kind of hard to admit this, well over 40 years," he said. "It's been in my possession and I’ve fond memories attached to just about every object. There comes a point, though, when I think that I've used these objects enough and have created enough memories that I can let them go."

A portion of the proceeds from the auction will be donated by Stallone to various charities that assist military veterans and wounded service members as well as The Motion Picture and TV Country House and Hospital.

More: Heritage Auctions online

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