Planet Hollywood inc. yesterday announced in collaboration with “Profiles in History” of Los Angeles, CA a historic auction to take place the weekend October 15 & 16 2016 in Las Vegas of over 1500 artifacts from its vaults including props, wardrobe and vehicles from its Florida holding facility.
Sadly the years have not been kind to the brand and apart from its flagship hotel in Las Vegas many of the restaurants have either closed over the years or have suffered a steep decline in revenues as the image has not been updated since the 1990’s.
An effort to slow the problems has resulted in many changes including a decision to sell a huge portion of the collection namely select significant pieces including over 50 Arnold “Terminator” statues that many collectors have argued for years “were they real or replica”, and most surprisingly a wealth of props that were purchased for the restaurants that were displayed with plaques that typically said “as seen” or words to that effect.
Other items include several container fulls of Planet Hollywood themed gear including shirts, jackets and ephemera from closed locations like Chicago and Beverly Hills.
A huge collection of items offered include costumes that were purchased as bulk productions and never identified as well as costumes that were purchased from auctions that turned out to be fake or falsely attributed. These racks of outfits will be offered at discount prices starting as low as $1000 for a complete non descript outfit.
Whilst it’s a shame that the era may well be closing on this one time success story it’s also a happy time as people like myself who were decimated in auctions in the early 90’s memorabilia sales now get to say we outlasted the company that would routinely buy every single prop and costume available no matter the cost (or sometimes provenance)