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.

On the second day of bidding at Heritage Auctions' entertainment auction, the iconic Rosebud sled from Orson Welles' 1941 classic "Citizen Kane" sold for a record $14.75 million, making it the second-biggest purchase of Hollywood memorabilia ever.