Princess Diana’s Blouse, an Animatronic E.T. Head, and ‘Big Lebowski’ Robe Headline Memorabilia Auction

The blouse Princess Diana wore for her engagement portrait, E.T.’s head, and the robe “The Dude” wore in The Big Lebowski are just some of the wide range of instantly recognisable pop culture artefacts going up for auction next month.

Julien’s Auctions is partnering with Turner Classic Movies for the Dec 14-17 sale, titled Hollywood Legends.

“Associated with phrases such as ‘Danger, Will Robinson,’ ‘E.T. phone home,’ and ‘Avengers, assemble!,’ these iconic collectibles provide a once-in-a-lifetime opportunity for fans, pop culture enthusiasts, and collectors to own a piece of Hollywood history,” Martin Nolan, Julien’s co-founder and executive director, said in a statement announcing the sale Monday.

The sale comprises three components taking place over four days at The Beverly Hilton in Beverly Hills (Dec. 14), Julien’s facility in Gardena, Calif. (Dec. 15-17), and online at JuliensLive.com.

Featuring props, costumes, and models from some of the most iconic science fiction, fantasy, action, and superhero franchises dating back to the 1950s, the first program—billed as Robots, Wizards, Heroes & Aliens—will be held during the sale’s first two days (Dec. 14-15). In celebration of Warner Bros.’ 100th anniversary, an assortment of items from the studio’s biggest film franchises, such as Harry Potter and Batman, will be offered.

E.T’s Animatronic head
Julien’s Auctions

The marquee item is an original mechanical animatronic E.T. head—created by the legendary special effects artist Carlo Rambaldi and as seen throughout Steven Spielberg’s 1982 film E.T. the Extra Terrestrial—that’s estimated to fetch between US$800,000 and US$1 millionThis model comes from Rambaldi’s own collection, as did the animatronic figure of E.T. sold by Julien’s Auctions last November for US$2.56 million.

Also sure to draw heightened interest is one of the most famous robots of all time, the Model B-9 from Lost In Space. One of only two full-scale figures that were made for the pioneering 1960s science fiction series, the still-functional model is expected to sell for between US$300,000 and US$500,000.

Fans of the Coen Brothers’ 1998 classic film The Big Lebowski will focus on day three (Dec. 16) of the sale, which will celebrate the film’s 25th anniversary. More than 250 items, including storyboards and costumes, will go under the hammer, with a portion of the proceeds going to Share Our Strength’s No Kid Hungry campaign.

Expected to draw the highest bids are a pair of lots featuring items worn by Jeff Bridges in the title role. Estimated to go for between US$30,000 and US$50,000, The Dude ensemble—which appears throughout the film, including in the memorable opening scene—consists of a light-brown knitted fleece bathrobe and an off-white cotton Jockey T-shirt. An original pair of sunglasses featuring nylon frames with amber-coloured polycarbonate lenses is expected to sell in the neighbourhood of US$20,000 to US$30,000.

Glamour, Grace and Greatness, the third component of the auction, will close out the sale’s final day (Dec. 17) with items created by revered designers and worn by some of the greatest style icons of all time.

Headliner status goes to a piece from one of the most iconic images ever taken of Princess Diana: the blush pink chiffon blouse worn in her 1981 engagement portrait—famously captured by the world-renowned photographer Lord Snowden for the February 1981 issue of Vogue—is estimated to fetch between US$80,000 and $100,000. With its ruff-like collar and loose pleats to the front, the garment was created by designers David and Elizabeth Emanuel, who would later design Princess Diana’s wedding gown. The blouse, which Elizabeth Emanuel sold from her archives in 2010, was admired by millions when it was previously on display at London’s Kensington Palace as part of the exhibition “Diana: Her Fashion Story” that ran from 2017 to 2019.

Princess Diana’s Engagement Blouse
Julien’s Auctions

Another famous piece sure to draw intense bidding is a ballerina-length evening dress from the Moroccan-British fashion designer Jacques Azagury that was worn by Princess Diana in Florence, Italy on April 23, 1985. Featuring a black velvet bodice with embroidered stars in metallic thread, and a two-tier royal blue organza skirt with sash and bow, the dress is estimated to sell for between US$100,000 and US$200,000.

Other highlights include Givenchy-designed garments worn by Audrey Hepburn in one of her most memorable roles as Regina “Reggie” Lampert in the 1963 film Charade. A marigold wool coat is expected to sell for between US$20,000 and US$40,000, while a cream wool dress is estimated to earn between US$30,000 and US$50,000.

Fans of timeless classics can bid on iconic pieces such as the dramatic black satin sleeveless gown worn by Gloria Swanson as Norma Desmond in the 1950 film Sunset Boulevard and the blue and white cotton gingham pinafore worn by Margaret O’Brien as Tootie Smith in the 1944 musical comedy Meet Me in St. Louis.

Chip makers are fighting to assure investors that the artificial-intelligence boom is racing forward. Wall Street might not believe it until Nvidia’s NVDA -0.98%decrease; down pointing triangle Jensen Huang says so.

When Huang steps up to the mic for his company’s earnings call Wednesday, he will have the world’s attention. What he says about Nvidia’s present will preview the future of AI, dictate the path forward for a tech-crazed stock market and influence an American economy increasingly tethered to hopes that the boom won’t go bust.

The $5 trillion chip maker has provided the key building blocks for AI since the launch of ChatGPT in 2022 set off a race for dominance among OpenAI, Anthropic and established Silicon Valley giants. Now, as Nvidia backstops sprawling data-center projects and an exotic money pipeline to boost chip demand, the company’s influence is arguably bigger than ever.

But there are signs of trouble ahead. Political pushback to AI is growing. A bond selloff propelled borrowing costs to their highest levels in years. The hyperscalers that include some of Nvidia’s key customers—once cash-printing machines—are relying more on debt. OpenAI recently told investors its revenue rose by a tepid 18% in the second quarter while its losses deepened.

Nvidia is increasingly stepping in to shore up potential weak points across the market. Earlier this month, the company teamed up with six of Wall Street’s biggest firms on a $500 billion AI-financing plan, pledging to backstop lending to customers that can’t afford its chips otherwise. The chip maker last week also took a stake in Cloverleaf Infrastructure, which arranges power for data centers, and struck a $6 billion deal with startup Poolside aimed at developing a powerful open-weight AI model.

After watching shares in other chip makers and the so-called Magnificent Seven tech companies swing wildly in recent months, Wall Street is hoping Nvidia can beat expectations—again. The countdown is on.

“It’s kind of becoming more and more like the World Cup final than the Super Bowl at this point,” said Brian Mulberry, chief market strategist at Zacks Investment Management. “It’s just gotten to be that big.”

The company has smashed analysts’ earnings estimates for each of the 14 quarters since the AI boom kicked into high gear. Nvidia posted 210% annual growth in net income in its last three-month period, according to FactSet, making Wall Street’s 126% projection look pedestrian.

Expectations for a blowout second quarter have risen rapidly over the course of this year. All Nvidia will have to do to beat this target: outrun 95% annual earnings growth to more than $51.5 billion. Analysts project the chip maker will report record sales of $92 billion for the period, up from a forecast of $78 billion at the start of this year.

In July, big-tech earnings sparked volatility. Concerns about runaway capital spending spread across the sector after Alphabet’s and Tesla’s results, driving a $890 billion wipeout that contributed to the unwind of hedge fund Situational Awareness. Microsoft posted the largest one-day gain in market capitalization by any company, ever, after a quarter proving that it could still show investors the money. SpaceX rocketed higher after a record-breaking initial public offering, only to see $1 trillion in value evaporate.

Surging memory prices and borrowing costs have fueled fears that those and other companies will be unable to keep plowing more money into supplies including Nvidia chips. Shaia Hosseinzadeh, founder of OnyxPoint Global Management, has recently bought dips in AI-infrastructure stocks when Wall Street has strained to absorb massive debt issued by Silicon Valley.

“The macro data is really quite robust,” he said. “Of course, there’s a level at which everything breaks.”

Investors have kept pumping money into the AI trade despite concerns around chip consumers—and to the benefit of chip producers. That is why Nvidia’s outlook for semiconductor demand could send ripples through counterparts such as Micron Technology and Sandisk, developers of the data centers in which their chips reside, and a supply chain of power producers, contractors and other specialists that underpin the globe-spanning AI build-out.

“We joke internally that we’re all Nvidia analysts now,” said David Lefkowitz, head of U.S. equities at UBS Global Wealth Management.

The irony is that investors have tended to sell Nvidia stock immediately after blockbuster earnings, with shares falling each trading session after its four past quarterly reports. Some are betting that will be the case this time around, too.

The options market is pricing in a 5.3% swing, higher or lower, in Nvidia shares during the session following earnings, according to Option Research & Technology Services. That is higher than the 4.8% average move in Nvidia’s stock over the last 12 months after the company reports quarterly results.

In recent days, some of the most actively traded Nvidia options have been put contracts tied to the stock falling from its Friday value of $214.75 to $205 and $210 apiece, according to Cboe Global Markets data. Put options give the right to sell a stock by a set price and typically represent a bearish wager.

Many analysts remain optimistic. Frank Lee, global head of tech hardware and semiconductor research at HSBC Global Investment Research, recently raised his price target for Nvidia shares to $360 from $325, citing, among other things, Nvidia’s strategic partnerships with suppliers and its role as a top contributor to open-source AI.

Princess Diana’s Blouse, an Animatronic E.T. Head, and ‘Big Lebowski’ Robe Headline Memorabilia Auction

Nvidia’s earnings will test Wall Street’s confidence in the AI boom.