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Stephen Lane: Film memorabilia collecting hobby to £35m business
Manage episode 449897807 series 2931660
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The Small Business Sessions, Enterprise Nation's podcast, is back for a seventh exciting series of inspiring entrepreneurial stories and expert business tips! The podcast is powered by the business.connected online training programme and our partners Vodafone Business, Constant Contact, JP Morgan and Dropbox.
Joining freelance journalist Dan Martin for episode eight is Stephen Lane, founder of entertainment memorabilia business Propstore.
In the early 90s, movie lover Stephen began hunting for the props and costumes that were used to create his favourite films.
His collecting hobby became a business in 1998 and more than 25 years later, Propstore has 70 employees in London and Los Angeles and more than 25,000 square feet of archived props and costumes. The business also turns over £35m despite Stephen having taken on no external investment.
Since it started, Propstore has located and auctioned thousands of famous items to collectors around the world. Items include the lightsaber used by Darth Vader in The Empire Strikes Back, Harrison Ford's Indiana Jones Fedora, and guitars played on stage by the Gallagher brothers from Oasis.
In an insights and advice packed episode, the entrepreneur discusses turning a love for movie props into an actual business, how he tracks down memorabilia to sell, reaching a £35m turnover despite taking on no external investment, establishing a business in the US, running a business during several economic downturns and lots more.
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