Celebrities Sylvester Stallone
Stylvester Stallone Dan Hallman/AP

Sylvester Stallone, who played Rocky Balboa in the 1976 film "Rocky," poses for a portrait on Wednesday, Oct. 16, 2013, in New York.

July 30, 2015

Stallone: 'Rocky,' 'Rambo' memorabilia up for auction

Sylvester Stallone announced Thursday that he will put hundreds of props and costumes from his 40-year career up for auction in Octoberaccording to an Associated Press report on NBC10.

The 69-year-old entertainer has agreed to sell a variety of items, including Rambo's Army jacket and Rocky's gloves, robe and boxing trunks. A portion of the proceeds will benefit military charities. 

"I saw the John Wayne auction and I thought it would have been so much more effective if John Wayne had still been alive so he could explain to his fans what some of his pieces meant to him," Stallone told the Associated Press. 

"I'm not that young, but still aware enough to appreciate the people that will appreciate owning (these items)."

Stallone said that while he will part with the memorabilia from the iconic "Rocky" and "Rambo" movies, he will keep the two characters alive on screen. 

He will make his return as Rocky Balboa in "Creed" this fall and is working on another "Rambo" installment.

Heritage Auctions will moderate the Stallone sale on Oct. 14 and 15.

Read more here.

This photo provided by Heritage Auctions shows the boxing gloves worn by actor Sylvester Stallone in “Rocky II” (1979). (Heritage Auctions/AP)