TODAY | October 25, 2012
>>> back now at 7:45. if you've ever wanted to hit the yellow brick road or own an iconic image of marilyn monroe , now is your chance. a host of rare hollywood items will be hitting the auction block next month in los angeles . here with a preview, good morning to you.
>> good morning.
>> let's start with dorothy's dress. this is unusual because it's the full costume, right
>> it is, that's right. there are others out there. this is a complete costume. it originated from kent warner a costume designer at mgm. the only thing missing is the shoes.
>> okay. how much would this run you?
>> we estimate at $400,000 to $600,000.
>> it's beautiful. next we have the " sound of music ." two iconic dresses. this first one we recognize julianne drews wore this.
>> that's right. we estimate this $40,000 to $60,000. and like " wizard of oz ," there are few items available from the " sound of music ." the second outfit worn.
>> what kind of person buys these items?
>> well, a lot of museums, personal collectors, fans, but now investors. people are starting to collect pop culture in hopes it's going to continue to increase in value.
>> wonderful. we're on to you, martin. the marilyn video. now, first of all, we've all seen that image of her singing happy birthday to the president. where did this video come from?
>> 1962 , this video was taken by a member of the ella fitzgerald band. it's from a different angle and in color. it's a great video, eight minutes long, marilyn appears in for 30 seconds. great images of marilyn monroe .
>> you get a different angle, but it is silent video, right? you don't hear the singing on this particular one?
>> yes, that is correct. but again, we were talking about over 50 years old. and it's 50 years since marilyn passed away and the love affair goes on. people can't get enough of marilyn .
>> these next two items i have to say are a little strange. let them eat cake . this is wedding cake from two weddings.
>> this is where you can't have your cake and eat it too. this cake is 31 years old, it's the wedding cake , the official wedding cake from princess diana and prince charles , of course.
>> how was it preserved?
>> kept on ice. dry ice and we've kept it in the freezer on ice. of course it's not edible, but an interesting piece. comes with a carriage processional and confetti from july 29th , 2981.
>> more recent cake, but again, don't eat it because it's too valuable, i presume. william and kate's cake.
>> this one less expensive, we estimate $600 to $800 on this one. it's a red box given to senior members of the submariners because prince william is in charge of them.
>> it's fruitcake?
>> it's fruitcake. made by fionna karns.
>> wonderful. and las but not least, elizabeth taylor 's dress.
>> 1951 , when she played the high society angela vickers. she won an academy award for her designs in that movie, as well. and ts became a real fashion trend in the '50s, all the prom dresses were modeled after this. really a great piece, very memorable movie, and we estimate $20,000 to $30,000. elizabeth taylor highly collectible, as well.
>> this is the tip of the iceberg , you have great items.
>> we have over 800 items in the auction and the exhibition opens nomber 5th, and the auction is november 9th and 10th.
>> thanks. and you did my work for me reminding us when the auction is. appreciate it.