Recently, we told you that James Dean’s jacket from Rebel Without a Cause was going up for auction. That auction’s now over, but it turns out you still have a chance to buy it.
Palm Beach Modern Auctions announced that they did not receive a bid that reached the James Dean jacket’s reserve price. The reserve price is the minimum amount the seller is willing to accept to part with an item. If the bids don’t reach that price, the seller can choose not to accept the auction price.
Now the owner of the jacket, Michael Scott of Hobe Sound, will begin negotiating with private buyers who are interested in the jacket. Palm Beach Modern Auctions originally valued the jacket at between $400,000 and $600,000. They did not reveal what the reserve price for the jacket was.
While other jackets were used while filming Rebel Without a Cause, this is the only known surviving jacket. The worth is increased since Dean died in a car crash about a month before the movie premiered, a tragic end for what seemed to be a promising film career.
So now you get a second chance to get that jacket, assuming you have a couple hundred thousand dollars to spare.