Rare NASA and WWI Artefacts Head to Auction

A range of rare historical artefacts, including astronaut-signed spacecraft hardware from NASA’s Apollo and Space Shuttle programs, will go under the hammer next month in Los Angeles.

Consisting of more than 250 objects, the one-day sale on Feb. 1 at Julien’s Auctions spans a dizzying range of categories, from collectibles signed by the world’s most famous politicians, writers, aviators, and scientists, to war regalia and other military accessories.

From the actual parts of the NASA Space Shuttle program that were flown in space to uniforms and accessories used in combat in the Great War as well as a collection of letters from the brilliant minds of our times, this is one of Julien’s most exceptional history auctions to date,” Martin Nolan, executive director and co-founder of Julien’s Auctions, tells Penta.

A portrait of Albert Einstein with a signed sheet.
Julien’s Auctions

The items span more than 300 years and include artefacts from the first mission to the moon.

“Many of these important museum-worthy objects represent the powerful achievements of the great innovators and trailblazers whose impact helped create the modern age,” Nolan said in a news release.

Lots from some of history’s most iconic space journeys include an original, space-flown rocket booster lid and orbiter wing insulator panels. Also up for grabs is a selection of photographs signed by Apollo 11 crew members Neil Armstrong, Buzz Aldrin, and Michael Collins.

Hobbyists with a focus on military history and conflict can choose from uniforms, accessories, newspapers, and everyday objects from bygone eras. Original World War I items such as a British Army steel combat helmet, a U.S. Marine Corps wool uniform, and a spiked German Pickelhaube helmet all carry presale estimates between US$300 and US$500.

A spiked German Pickelhaube helmet from World War I
Julien’s Auctions

An assortment of literary greats, scientific pioneers, and influential politicians will be represented with signed notes and ephemera. Boldface names include Eleanor Roosevelt, the Dalai Lama, Carl Jung, Albert Einstein, and Dorothy Parker.

Among the more notable examples is a typed and signed Hunter S. Thompson letter dating from 1959, in which the notable author describes his short-lived attempt to earn money by driving a taxi cab and how his mother keeps asking him when he’s going to finish his book. Also available is a collection of eulogies and correspondence relating to the death of John F. Kennedy, featuring statements and appreciation cards from Richard Nixon, Nelson Rockefeller, and various members of the Kennedy family.

Other highlights include a Bell X-1 model rocket research plane signed by Chuck Yeager (presale estimate: US$600 to US$800), and a cloche hat from Amelia Earhart Fashions, the 1933 fashion line designed by the aviator to help fund her circumnavigation of the globe (estimate: US$2,000 to US$3,000).

Gold is one of the market’s go-to hedges in rocky times. Don’t forget that gold miners’ stocks are too.

The stock market’s gains in 2026 belie the rocky macroeconomic picture: elevated inflation, heightened geopolitical tensions, and jitters about the artificial-intelligence trade. That backdrop, in theory, should be the time for gold to shine. Instead, the price of the yellow metal has tumbled more than 5% so far, after last year’s blistering 65% rally. In part, the U.S. dollar’s recovery has stymied gold, which benefited from the greenback’s weakness in 2025.

Even with the precious metal’s recent weakness, gold mining stocks could be the best way to profit from this year’s uncertainty.

Gold miners “are a valuable hedge against macro risks that would likely be damaging for equities,” BCA Research’s Noah Weisberger and Rishabh Shah wrote this week.

Concerns about the Federal Reserve’s next moves to tackle inflation, the increasingly crowded AI trade, and steep valuations for tech stocks are just some of the drivers that could help gold’s price get on even footing— and lead to even bigger gains for miner stocks.

These stocks’ prices tend to outpace gold’s moves, because the companies have fixed operational costs. So when gold’s price rallies, their profit margins soar, and vice versa. For instance, the VanEck Gold Miners GDX +7.39% exchange-traded fund has fallen 11% this year as the metal has slumped.

Now, gold’s price just needs to stabilize to help miners’ stocks take off, and that seems to be happening. The precious metal has recently found support above the $4,000 level, and has stuck in a narrow range since the end of June. But its price rose ever so slightly in July, ending a four-month losing streak for the metal. Technical analysis also suggests that gold is due for a comeback.

Barron’s recently wrote that the pullbacks for both gold miners and the metal itself are overdone. Senior technical analyst Doug Busch noted that the VanEck ETF is on the “verge of a breakout” and has the potential to hit $11o in early 2027, up more than 40% from its current price.

Gold miners also have more than their role as a market hedge going for them. Their fundamentals are solid, too, says Chris Mancini, portfolio co-manager of the Gabelli Gold Fund.

“Precious metals miners are generating substantial amounts of free cash flow given profit margins of over $2,000 per ounce, and are returning this cash to shareholders through buybacks and dividends,” he said in an email.

“Buying the miners is a cheap way to get exposure to the price of gold,” he added. His fund owns Newmont NEM +6.71%, a Barron’s stock pick last year, and Agnico Eagle Mines as top holdings, as well as miners Northern Star Resources, Endeavour Mining, and Kinross Gold K+8.59%.

Miners are better businesses than they used to be, the BCA team added.

“Capex is more disciplined, margins are high and rising…and they are largely independent of the AI story,” Weisberger, BCA’s head of equities, and Shah, a senior analyst, wrote.

That last part is key. AI is disrupting the software industry and many other services and information-oriented businesses, and investors have piled into AI stocks. But ChatGPT, Claude, Grok, and other large-language models aren’t going to replace the need to mine for metals.

“Equity portfolios can benefit from exposure to quality that is uncorrelated to AI risk, and gold miners fit the bill,” the BCA team said.

They recommend that investors buy the VanEck Gold Miners ETF, which owns top miners such as Agnico, Barrick Mining ABX +7.24%, and Newmont.

An important bonus for big gold miners’ stocks is that their valuations are attractive after the gold’s pullback, too. The VanEck ETF is now trading at just a little more than nine times next year’s earnings estimates. That’s a big discount to its five-year average price-to-earnings ratio of 14, according to FactSet.

What’s more, the ETF is currently valued at a more than 50% discount to the S&P 500 SPX -0.17%, which is trading for about 19 times earnings estimates for 2027. Mining stocks have typically traded at just a 25% discount to the broader market over the past five years. So there is significant upside for the group if valuations move back toward normal levels.

One factor that complicates mining stocks as a market hedge, of course, is if stocks bounce back, which has been the case so far in August.

But both the market and economic outlooks remain cloudy, and investors remain nervous about the Fed’s next moves and AI stocks. Gold miners should do just fine, even if the anxious mood on Wall Street persists.