This ultimate Disneyland auction broke records, bringing in a staggering $8.3 million


Over the span of 25 years, Richard Kraft amassed a collection of more than 900 Disneyland artifacts, props, and even ride vehicles, and when the Hollywood agent decided he was ready to part ways with these items, he wasn't going to do it quietly.
Kraft worked with Van Eaton Galleries in Los Angeles to auction off the pieces of Disney history. The weekend auction brought in $8.3 million, Van Eaton Galleries said Monday, including $483,000 for an original Dumbo the Flying Elephant vehicle and $86,250 for a neon letter "D" from the Disneyland Hotel, bought by magician David Copperfield. Jose, an animatronic bird that once lived in the Tiki Room, sold for $425,000, and a Skyway gondola from the 1950s sold for $621,000, a record auction price for a Disneyland ride, Reuters reports.
Several posters and theme park signs also broke records. For a month before the auction, visitors could come in and see the items on display, and tens of thousands of people showed up. In a statement, Kraft said when he decided to part with his collection, "it became much more about throwing a grand bon voyage party to those magical artifacts than about making projections about their worth." Many of those items were kept inside his house, like the Dumbo car, and they made him "feel as if I won the lottery." He said that part of the proceeds will go to organizations helping children with special needs.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores