Credit: Mike Coppola/Getty Images
  • Movie

Can you imagine paying $57,500 for a pair of boxing shorts worn by Sylvester Stallone in Rocky IV? Someone can, and did.

Heritage Auctions in Los Angeles set up “Stallone – The Auction,” a three-day auction of famous memorabilia from the actor’s movies. By the end of the last day on Dec. 20, the combined sale from the items exceeded $3 million.

Within the treasure trove up for bid were the red satin jacket worn by Dolph Lundgren in Rocky IV (sold for $45,000), a set of costume armor with a prop gun from Judge Dredd (sold for $30,000), and the coveted leather jacket worn by Stallone in the first Rocky movie.

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“The leather jacket Mr. Stallone personally owned and then wore as a costume in the first Rocky movie was expected to sell for $75,000 but was bid to $149,000,” said Heritage Auctions President Greg Rohan. “It’s a true piece of Hollywood history, so emblematic of the character and the times. It’s not surprising to see fans moved to bid like this for such an iconic costume.”

Stallone will donate a portion of the proceeds to various charities that support military veterans, wounded servicemen and woman, and The Motion Picture and TV Country House and Hospital. The actor, who reprised the role of Balboa for Creed, made an appearance at the auction to pose for photos and watch the bidding commence.

He said, “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. 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.”

See a list of all the items up for bid on the Heritage Auctions website, and check out photos from the auction’s preview below.

Judge Dredd
  • Movie
  • R
  • 96 minutes
  • Danny Cannon