The WWE/WWF Intercontinental Championship belt from WrestleMania III sold for a record $716,750 at Heritage Auctions, with a 22 percent buyer’s premium on a winning bid of $587,500.

This sale set a new record for a wrestling championship belt at auction, surpassing Hulk Hogan’s WrestleMania II title which sold for $414,800 earlier in 2026.

The Hogan belt remains the overall memorabilia record, with Hogan boots selling for $1,037,000.

The belt’s 48.5-inch length and just-under-10-inch height are complemented by design inspired by Reggie Parks, and its reverse shows signs of wear, including a 6.5-inch strip of black tape.

Active use of the belt spanned 1985 to 1988 and it passed through four WWE Hall of Famers: Tito Santana, Randy Savage, Ricky Steamboat, and The Honky Tonk Man.

Its provenance includes ownership by those four Hall of Famers and features a red WWF logo; it was worn during its 1985–1988 period.

An earlier Heritage offer highlighted the belt’s documented history and wear, aligning with the auction’s published details.

Former owner Conrad Thompson announced the sale result on social media, celebrating the record-breaking price.

The article emphasizes the belt’s significance in wrestling memorabilia history, noting its WrestleMania III connection and the key figures involved.

Thompson stated on X that the sale set a record, and the belt reportedly came to auction after a 2020 trade with Vince McMahon exchanging the WrestleMania III belt for the original Intercontinental Championship belt that Pat Patterson held.

Randy Savage won the title in February 1986, starting a reign lasting over a year, and Ricky Steamboat defeated Savage for the title at WrestleMania III on March 29, 1987.

At WrestleMania III, Ricky Steamboat defeated Savage at the Pontiac Silverdome in Pontiac, Michigan; Savage had won the title from Santana in February 1986, and The Honky Tonk Man later won it from Steamboat in June 1987.