The ruby slippers, iconic footwear from The Wizard of Oz, sold for a stunning $28 million at auction, far exceeding pre-auction estimates of $3 million.
The slippers were stolen in 2005 by Terry Jon Martin, discovered by the FBI in 2018, and later revealed as a product of a desperate burglary attempt.
During sentencing, Martin’s attorney revealed that the defendant was misled into believing the slippers were adorned with real jewels, prompting the theft.
The entire auction process saw prices escalate rapidly, starting from a December 2022 online bidding of $1.55 million to the final bid of $28 million.
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