Lionsgate, the studio behind The Hunger Games has teamed up with Profiles in History, one of the world's leading Hollywood memorabilia auction houses, to hold the The World of The Hunger Games Auction on May 20, 2016. Over the course of one day, 500 authentic costumes, props and set pieces will be available for purchase from all four films: The Hunger Games, The Hunger Games: Catching Fire, The Hunger Games: Mockingjay – Part 1, and The Hunger Games: Mockingjay – Part 2.
Joe Maddalena, auction expert and former host of Hollywood Treasure, estimates the total value of the items to be at least $1 million. Some of the most sought after pieces include Katniss Everdeen’s (Jennifer Lawrence) wooden District 12 hunting longbow, Katniss's iconic Mockingjay armor, several signature costumes from Effie Trinket and the District 12 reaping bowl filled.
But Maddalena, who worked with Lionsgate and Profiles in History to choose which items to sell, tells PEOPLE this auction "is all about the bows." According to the auctioneer, the bows are some of the most iconic props from the series, and pieces like Katniss's signature silver bow and quiver from The Hunger Games: Catching Fire should sell for big money.
To put the value in perspective, Maddalena explains, "I sold Luke Sky for a $250,000. I also had King Joffrey's gold crown from Game of Thrones – which was made of plastic – and sold it for $58,000. That's the same price as a luxury car. So I could see a bow bringing in $50,000 easily, they're that cool."
VIDEO: Jennifer Lawrence and the Cast of 'The Hunger Games: Mockingjay, Part 2' Say Goodbye to the Popular Franchise
Another big ticket item are the trucks used by the Capitol's Peacekeeper soldiers. "They're about 20 ft. tall and about 20 ft. wide and about 20 ft. long and they're amazing," Maddalena says. "We have three of them in the auction. It would be the coolest thing to park in front of your house, although you would probably have your neighbors hating you."
Even the smaller pieces are loaded with value for fans because they can provide a unique insight into behind-the-scenes details. For instance, Maddalena says that inside the District 12 reaping bowl are the original name slips used in the film. But what audiences never saw is that every name slip in the bowl says "Primrose Everdeen," so the drawing was actually rigged from the beginning. "It's those little that you just don't know that attract buyers," he explains.
When Maddalena was first asked to compile a list of the most attractive items for the auction, all parties agreed the final inventory should be accessible to every fan. "We wanted to open it up and make it so there's something for everybody," he says. "And we have things at all price ranges, so you could buy something for a few hundred dollars or you could buy things for multiple thousands of dollars, who knows what they'll sell for. "
And while some might wonder who would shell out tens of thousands of dollars for a movie prop, Maddalena says collecting memorabilia isn't just for the geeks anymore. "I like to tell people if you go on a Friday night to a high-end movie theater in a major city, look around at the audience. They're lawyers, they're doctors, they're engineers, they're factory workers, they're people who watch movies," he says.
"Film is the international currency of our society, you can go anywhere in the world and they know who Katniss Everdeen is," he adds. "Hollywood props and costumes are filling in a natural place in the popular culture spectrum in our society, just like baseball cards did in the 50s and comic books did in the 60s, this is our popular culture."
More information, including auction registration and a full catalog, is available at here.