Modern movie memorabilia fetched some stratospheric prices at the Profiles in History’s Drama, Action, Romance: The Hollywood Auction that was held over the past weekend.  The item fetching the highest price ($372,000) was the bow used by Legolas (Orlando Bloom) in all three of Peter Jackson’s Lord of the Rings movies.  Crafted in Weta’s workshop, the plastic composite bow was purchased by the toy company Hasbro and was given away as a grand prize in a sweepstakes contest.
According to The Hollywood Reporter, Legolas’ Bow nosed out a dress worn by Kate Winslet in James Cameron’s Titanic, which sold for $330,000, which was just a bit above its presale estimate of up to $300,000.  Legolas’ Bow however sold for more than three times its upper presale estimated price of $120,000.
Also doing much better than expected was a screen-used X-Wing model from the first Star Wars movie, which sold for $270,000 versus an estimated top price of $120,000.
Selling  for $114,000, just $6,000 below its presale top end estimate of $120,000 was a somewhat tattered and tacky velour jersey tunic worn by Leonard Nimoy during the second season of the original Star Trek series.  The Star Trek uniform tunic came with letters of authenticity from a 1968 contest signed by both Leonard Nimoy and Star Trek costume designer Bill Theiss.

Of course the prices fetched by these modern movie items (all well under 50 years old) pale when compared with the $1.2 million paid for an original poster for Fritz Lang’s Metropolis (see "'Metropolis' Poster Sold") from 1927.