1. The lowdown on movie memorabilia
Dorothy's slippers. Vader's lightsaber. The Maltese Falcon. Objects that were never meant to leave a sound stage, now trading for more than the films they appeared in cost to make.
Film sets throw almost everything away. A costume is remade for the sequel, a prop is
repainted for another production, and what survives does so by accident. That
accident is the whole basis of a market in which scarcity was built in at the moment of manufacture, and it is why the finest material has outperformed almost every other
collecting category over the past 15 years.
The studios have noticed. Heritage Auctions, Propstore, Bonhams and Julien's all
now run dedicated entertainment sales, and rights holders sell directly rather than
dispose of stock quietly. We expect that trend to continue, and we expect it to keep
drawing fresh capital into the sector.
The James Bond Aston Martin DB5 that made £4.8 million ($6.4 million) at RM Sotheby's Monterey in 2019, one of two cars Eon Productions bought for the launch of Thunderball. All 13 of its Bond modifications have been restored to working order. Credit: Sotheby's
2. Movie Memorabilia Trends
Moving ★★★ | as at 24 September 2026
Star ratings
★★★ Moving Records being reset,house totals up, sales clearing, new buyers arriving.
★★ Steady Trades reliably and prices are firm, but not every signal is up.
★ Quiet Recordsstanding for years,totals flat, material slow
How active this market is, not advice to buy or sell. Three stars is a seller's moment and a buyer's risk. Re-assessed every report.
What's selling?
Props take the highest prices when they can be tied to a specific shot in the film. Darth Vader's lightsaber, used by David Prowse in The Empire Strikes Back and Return of the Jedi, made £2.8 million ($3.7 million) at Propstore in September 2025.
Costumes are where the very biggest prices have been set. Judy Garland's ruby slippers made £24.5 million ($32.5 million) at Heritage in December 2024, having opened at £1.2 million ($1.55 million).
Autographs, signed photographs and original poster artwork are the accessible end of the market, and they have been rising quietly rather than dramatically. Artwork is the exception. Tom Jung's 1977 half-sheet painting for Star Wars made £2.9 million
($3.9 million) at Heritage in December 2025, beating the previous record for any piece of movie poster art, which was £518,000 ($688,000).
Which films are selling best?
Franchise material with a living audience is where the money has moved. Star Wars has set three records for a Star Wars prop since October 2023, and taken the movie poster art record on top of them.
Harry Potter shows the nostalgia effect at play. The audience that queued for the first picture in 2001 is now in its 30s, with disposable income, and keen to own pieces of its youth.
The other reliable performers are single objects carrying a scene everybody remembers. Robby the Robot from Forbidden Planet made £4.0 million ($5.4 million) at Bonhams, at the time the most valuable film prop ever sold. The lead Maltese Falcon statuette from the 1941 picture took £3.1 million ($4.1 million).
What's cooling?
Mass-produced movie posters have diverged sharply from early ones. The later ones are simply common, and coming from a famous film does not rescue them.
Star power on its own has also stopped carrying prices. A signature from an actor with a long career and an obliging pen is not scarce, whatever the name on it. The premium has shifted to objects that can be matched to a frame. That is a question of documentation rather than of fame.
HBO put more than 900 Game of Thrones lots through Heritage in October 2024 and the sale made £15.9 million ($21.1 million), with more than 4,500 bidders
Recent Benchmark Results
Budget Entry Points
3. Getting started
The words that change the price
Screen-used. The object was on set and used in the production.
Screen-matched. You can point at the frame it appears in, usually by matching wear, paint damage or stitching against the finished film. This is worth multiples of screen-used, and the difference is the single most useful thing to understand before you spend anything.
Hero prop. The detailed version, finished for close-up camera work.
Stunt prop. The safe version, cast in foam or rubber for sequences where an actor swings it near another actor. These are not lesser objects, since they were often on screen for longer, going in whenever another performer shared the frame. Background. Made for extras, seen at a distance, and finished accordingly.
Production-made. Built for the film but perhaps a backup, or unused. Still an authentic production asset.
Replica. Made to look like the original and never on a set, whether studio-licensed, fan-made or a marketing item. A perfectly legitimate thing to own, and a serious problem when sold as something else.
COA. A certificate of authenticity, worth exactly as much as the reputation of whoever signed it.
How to spot a fake
Start with the paperwork and work towards the object. Ask who is vouching for it, not simply whether a certificate exists. A certificate from a recognised authenticator with a traceable history is evidence, while a printed card from an unnamed source
is decoration.
Then look at how the thing is made. Production props are built to survive a shooting schedule and to be cheap. That gives them a particular combination: sturdy where the camera sees them, rough where it does not. Licensed replicas tend to be the
opposite, because they are made for display rather than for use. Ageing gives you the other tell, since foam yellows, rubber hardens, and paint wears at the grip rather than evenly across a surface.
Ask for the chain of ownership and for on-set photographs, and ask whether the piece can be screen-matched. If the seller says it can, ask them to show you the frame.
Where to buy safely
Auction houses publish catalogues, stand behind their descriptions, and leave a public record of what things sell for. You pay a buyer's premium on top of the hammer price, so budget for it before you bid. Specialist dealers carry stock you can examine, they answer questions, and they generally offer a guarantee. That guarantee is as much the product as the object is.
eBay and private sellers are where the market's problems live. The warning signs are consistent: no provenance beyond "from a private collection", a certificate from a company with no traceable history, a photograph offered as the only evidence, and a price that makes no sense against comparable sales. Where an item genuinely is screen-matched, the seller will tell you which frame.
Care, storage and display
Light is the main enemy of anything on paper or fabric. Keep it out of direct sunlight, and frame with UV-resistant glazing. Stable humidity matters rather more than any particular level, because it is the swing that does the damage. Handle foam and rubber props as little as you can, because they degrade from the inside and handling only speeds that up.
What a new buyer should know about the risk
Estimates are not predictions, and they are beaten heavily in both directions. The ruby slippers were estimated at "$3 million and up", about £2.3 million, and the final price went to more than 10 times that. The lots that fail rarely make the news at all.
Selling costs real money, because a buyer's premium is added to the hammer price and a vendor pays commission at the other end. An object has to rise a long way before a round trip breaks even. The market is narrow as well. A famous object has a deep bidding pool, while an ordinary one may have very few interested buyers.
Common beginner mistakes
Overpaying for the name rather than the object is the commonest error, and two signed photographs of the same actor can differ tenfold on condition, inscription and when the signature was added. Accepting thin provenance is the next, because "from a private collection" is not provenance at all but its absence, politely phrased.
Buying a replica without knowing it — this accounts for most bad purchases, ahead of deliberate forgery. Licensed replicas are honestly sold by honest people and then resold years later with the paperwork long since lost.
4. Movie Memorabilia Upcoming Market Catalysts
2026
2026
2027
The nearest of them is Casino Royale. Nostalgia takes roughly 20 years to take hold, which puts the films of 2006 in the frame now, and Casino Royale premiered at the Odeon Leicester Square on 14 November 2006. It took £457 million ($606 million) worldwide, rebooted the most collectable franchise in film, and its 20th anniversary falls this November. The poker table from that film is one of the three resales in section 8, and it rose 79% in 11 years.
5. The 10 most collectible film stars | Ranked on auction performance
The screen-matched Red Leader X-Wing from the trench run, right, £2.6 million ($3.1 million) at Heritage.
Credit: Heritage Auctions
6. The 10 most valuable movie props ever sold
Two recent results sit alongside that list rather than in it, because neither is a prop. Tom Jung's original Star Wars poster artwork sold for £2.9 million ($3.9 million). The Iron Throne touring replica from Game of Thrones sold for £1.1 million ($1.5 million). Marilyn Monroe's "Happy Birthday, Mr President" gown is absent for the same reason: it made £3.6 million ($4.8 million), but it was worn to a birthday gala rather than on screen. So is the James Bond Aston Martin DB5 that made £4.8 million ($6.4 million) at RM Sotheby's in 2019, because it was a promotional car built to Goldfinger specification for the launch of Thunderball.
The Cowardly Lion costume, left, made from real lion hides and sold at Bonhams for £1.9 million ($3.1 million).
7. The expert view
I have been buying and selling this material for 45 years, and the question I am asked most often is what makes one object worth 100 times another that looks identical to it. The answer is almost always paperwork.
The market has grown up around that. Twenty years ago a good story and a plausible seller were enough. A serious buyer now wants to know which frame a piece appears in, who owned it between the set and the saleroom, and who is prepared to put their name to it. That has been good for everyone, though it has also meant that a great deal of material sold in the 1980s and 1990s cannot be sold again at anything like the same price, because the documentation was never kept.
My advice to anyone starting is unfashionable. Buy one great thing rather than five interesting ones, because the interesting
ones are easy to find and hard to sell.
Paul Fraser, Chairman, Paul Fraser Collectibles
8. Investing in film memorabilia
What the record shows
The ceiling of this market has risen faster than almost any other collecting category, and the climb is documented sale by sale.
In June 2011 the world record stood at £4.3 million ($5.66 million), for Marilyn Monroe's subway dress. In December 2024 the ruby slippers took £24.5 million ($32.5 million). That is 13.9% per annum over 13.5 years, and an almost sixfold rise in the ceiling of the market.
Ceiling of the Market
The lead Maltese Falcon statuette from the 1941 picture took £3.1 million ($4.1 million)
Credit: Bonhams / PRN
Real-life investment examples
The most useful figure of all is the same object sold twice, with both sales on the public record. It shows what a piece actually did for the person who owned it. Here are three, across three different corners of the market.
The same object, sold twice at public auction. All figures are the total with buyer's premium.
$114,900 Christie's, Oct 2012
$202,200 Propstore, Dec 2023
$165,000 Christie's, 1988
$666,000 Christie's East, May 2000
$1,267,500 Christie's, Oct 1999
$4,800,000 Julien's, Nov 2016
Every one is the same physical object at both sales. Propstore's catalogue entry for the poker table records its earlier appearance in Christie's 50 Years of James Bond, Christie's own catalogue records the gown's 1999 sale, and Guinness World Records documents both sales of the Bauman slippers. Pairs like this circulate widely with the second sale attached to an earlier sale of a different object, so before relying on one, confirm that both sales name the same lot.
All three were bought at public auction and sold at public auction, by people with no special access. The documentation that made them saleable a second time is the same documentation set out in section 3.
We test the market's heat against four specific signals rather than a general impression. The record for any piece of film memorabilia was set within the last 24 months, by Dorothy's ruby slippers at Heritage in December 2024, and the top of the market has stayed active since: the "Rosebud" sled from Citizen Kane made £11.1 million ($14.8 million) at Heritage in July 2025, and Luke Skywalker's lightsaber set the record for a screen-used Star Wars prop in July 2026. Heritage closed 2025 with £1.63 billion ($2.16 billion) in sales, up from £1.41 billion ($1.87 billion) in 2024 and the highest annual total in its history,
although the £71.3 million ($94.7 million) it gives for all pop culture material in 2025 sits below the £76.8 million ($102 million) it gave for Hollywood and entertainment in 2024. Sales are clearing: Bonhams' Downton Abbey auction was 100% sold in September 2025, and Heritage's Game of Thrones sale in October 2024 sold out completely. And new buyers are arriving, since most of the more than 4,500 bidders in that Game of Thrones sale were bidding at Heritage for the first time. Four of the four signals came back positive. That is a Moving reading.
Moving ★★★
Records are being reset, Heritage has had the best year in its history, and sales are clearing to new buyers.
A selection of the film pieces we hold today, from £1,500 ($2,020) to £250,000 ($337,100).
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Call us on +44 (0) 1534 639998 or email info@paulfrasercollectibles.com
Sterling for the Casino Royale poker table is as sold in London. Every other amount shown in a second currency is converted by us at the ECB reference rate of 23 September 2026, £1 = $1.3276, and because both ends of every comparison are converted at that one rate, each percentage holds in either currency. Prices are as published.
Where the source states the basis (Propstore for the Darth Vader lightsaber, Heritage's records of the 2011 Profiles in History sale, Christie's 2012 Bond sale and both Bauman slipper prices), it includes the buyer's premium; our other sources do not say either way.
This document is non-independent investment research and a marketing communication.
