One such item was an early 1900s royal scepter of England's King Edward VII. The lot opened with a minimum of 1,000. Thirty-five bids later, it sold for 40,100. Any time an item sells for 40 times its opening bid, you've got to give it the credit it deserves, ... This auction has gone a long way to establishing the standards for many collectibles that to this point did not have benchmarks.