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.

The stock market had a decent summer. Investors are bracing for a bumpier fall.

In the past couple of months, equity investors cheered soaring profits at big companies, shrugged off jitters in the bond market and nudged megacap tech shares back near records.

Now, as the post-Labor Day stretch begins, a number of new challenges lie ahead: ever-shifting odds of an interest-rate increase from the Federal Reserve. Sky-high expectations after a stunning earnings season. The persistent threat of higher consumer prices as fighting in the Middle East drags on.

“You’re moving from this earnings-driven market to this macro-driven market with the Fed, inflation and interest rates in focus,” said Keith Lerner, chief investment adviser for Truist Advisory Services. “It tends to be a choppier period.”

Historically, every major U.S. stock index experiences its worst average return in September. The Dow Jones Industrial Average has slid an average 1.1% in the ninth month of the year, in data that dates back to the 19th century. The S&P 500 has seen the same average decline—and for every September dating back to 1928, the benchmark ends the month lower more than half of the time.

Analysts caution against reading too much into those seasonal patterns. But in recent weeks, new reasons for investor caution have emerged. One of the largest: the looming threat of an interest-rate increase from the Fed, which announces its next policy decision on Sept. 16.

Chairman Kevin Warsh’s decision to ditch forward guidance and take more of his cues from markets has muddied the waters for investors when it comes to monetary policy. That has left traders scouring Fed governor speeches and economic-data reports for clues on the central bank’s next move.

“There’s going to be a lot of eyes on those numbers,” said John Luke Tyner, head of fixed income and portfolio manager at Aptus Capital Advisors.

The past couple of weeks offered just one example of how frequently those expectations can change. After Warsh struck a hawkish tone during remarks on Aug. 28, the odds of a hike at the Fed’s next meeting jumped from 35% before the speech to 58%, according to CME FedWatch data.

On Thursday, Fed governor Christopher Waller made a case for leaving rates where they are. Interest-rate futures showed coin-flip odds between a hike and a hold. Then Friday’s robust jobs report amped up rate-hike bets once more, back to a roughly 60% chance of higher rates after the meeting.

“Rates have really been driving the car for equities the last few weeks,” said Ross Mayfield, an investment strategist at Baird.

That uncertainty comes as an unruly bond market could put pressure on stocks. Treasury yields have marched higher for much of the summer, driven by concerns about rising oil prices, growing U.S. budget deficits and a deluge of tech-company bonds now competing for investors’ cash. Last week, the rout went global, pushing yields to multiyear highs in Japan, Germany and the U.K.

Higher bond yields can drag on stock prices and lift borrowing costs for companies and consumers across the economy.

Rising prices remain the top concern for bond traders, and continued fighting between the U.S. and Iran has done little to ease those worries. The national average price of diesel climbed to a record of $5.850 on Friday, according to AAA. That is up from $3.712 a year ago.

Investors will get more insight on the path of prices this week, with the much-awaited consumer-price index report due Friday and a reading on producer prices Thursday.

With another blockbuster earnings season in the books, some analysts have also warned that any boost from the third-quarter reports due in the coming months could be minimal. Back-to-back quarters of standout profits have raised expectations and made it especially difficult to impress traders. Custom-chip company Broadcom, for example, said Wednesday that it more than tripled its earnings and nearly doubled its revenue. Shares slipped 2.7% the next session.

Many analysts note there are plenty of reasons not to panic. The economy is in impressive shape, thanks to a healthy labor market and the rippling effects of the artificial-intelligence investment boom. Profits are booming at America’s biggest companies. The Cboe Volatility Index has dropped to its lowest levels of 2026. Credit spreads are tight, a sign bond investors aren’t concerned about economic conditions that could hurt companies.

But the mood has shifted from the euphoria that felt tangible when the Nasdaq was notching back-to-back records early this summer. The question, Mayfield said, is whether the fundamentals that have bolstered the bull market so far can stretch the rally into 2027.

“There are more anxieties or uncertainties about the backdrop,” he said. “It does feel like a transitional moment.”

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

Investors are bracing for a bumpier fall stock market due to shifting odds of a Federal Reserve interest-rate increase and other macro challenges.