Rosebud,” the famed wooden sled at the heart of Orson Welles’ classic 1941 movie “Citizen Kane,” has sold at auction for $14.75 million.

A red wooden sled marked with the name “Rosebud” just sold for $14.75 million at auction. The artifact is one of the sleds used in the making of director Orson Welles’ Citizen Kane (1941), and it’s now the second most expensive piece of film memorabilia ever sold.

A prop central to the celebrated opening scene of Citizen Kane - widely regarded as one of the best films ever made - has sold at auction for $14.75m (£11m). The wooden Rosebud sled, one of at least three known to have survived, was long thought to have been lost until it was given to director Joe Dante in 1984, saving it from destruction.