The Dracula cape worn by Bela Lugosi in the 1931 Universal classic film failed to sell in the first session of the Icons of Hollywood auction at Profiles in History on December 16th. The starting price of $1,200,000 may have been overly optimistic, but the cape wasn’t the only iconic Hollywood artifact that priced itself out of a sale. A pair of Judy Garland’s ruby slippers from the Wizard of Oz scared off potential buyers with its starting price of $2,000,000.

The surprise announcement that Bela Lugosi Jr. was auctioning his father’s cape caused consternation amongst fans. Not only were they mystified by his decision to sell such an important heirloom, which was left him by his mother, Lillian, upon her death in 1981, they also feared that the cape would disappear into the vault of an investor or be buried away in a private collection.

Catch the full story and some fantastic photographs on Bela Dracula Lugosi

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