MIAMI (CBSMiami/AP) — An auction for James Dean’s red nylon jacket worn in “Rebel Without a Cause” fell short.READ MORE: Baptist Health Resumes COVID-19 Vaccinations
Palm Beach Modern Auctions co-owner Rico Baca had valued the iconic garment at $400,000 to $600,000 before the bidding started Saturday.
In a statement Monday, the auction house said bids did not meet the item’s reserve price. That’s the confidential, predetermined minimum Michael Scott of Hobe Sound was prepared to accept. Interested bidders will now have a chance to privately negotiate an after-auction sale.READ MORE: Animal Rescue Organizations Say Pandemic Has Changed Their Industry For The Better
Dean died in a car crash in September 1955, about a month before the film’s premiere.
Scott has documents showing the jacket was given by the film’s wardrobe supervisor to the uncle of his friend and then willed to him after the men died.MORE NEWS: Staying In Touch With Customers On Social Media Keeps Keys Charter Boat Operator Afloat During Pandemic
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