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Burt Reynolds is selling his 'Smokey and the Bandit' Trans-Am

Burt Reynolds is selling his 1977 Trans Am Coupe from 'Smokey and the Bandit'

Burt Reynolds is selling hundreds of pieces of memorabilia from his personal collection, including some fans' Holy Grail: his 1977 Pontiac Trans Am Coupe from the movie "Smokey and the Bandit."

By Tuesday afternoon, the high bid was already at $70,000 for the iconic black muscle car -- complete with gold Firebird on the hood -- that was as much of a star in the 1977 blockbuster as Reynolds, Sally Field and Jackie Gleason were.

The Reynolds lot consists of 650 pieces from the actor's home and ranch, said Martin Nolan, executive director of Julien's Auctions of Beverly Hills, which is handling the event. The auction, already underway online, will conclude with live bidding at the Palms Casino Resort in Las Vegas on Dec. 11 and 12. The car will go Dec. 11.

"These pieces are incredible," Nolan said.

Reynolds, who made a Hollywood comeback in the 1997 film "Boogie Nights," filed for bankruptcy protection in 1996, had a foreclosure that was filed in 2011 and was still going through the legal system earlier this year, and was feeling financial repercussions from his 1993 divorce from Loni Anderson as recently as July. However, the "Deliverance" star told "Entertainment Tonight" on Tuesday that money problems aren't behind the massive selloff: He just has too much stuff and decided it was time to part with some of it.

"I am simply selling some of my memorabilia that I have enjoyed for so many years but do not have use nor room for them anymore,” the Oscar nominee told "ET."

"Quite frankly," he said, "I am sick of so many pictures of myself in my own home."

Nolan said the auction house has been working with Reynolds since January 2013 in preparation for the sale.

Other pieces for sale include paintings, clothing -- both private and from films -- office decorations and sports memorabilia.

Attempts to reach Reynolds for additional comment were unsuccessful. 

Follow Ryan Parker for breaking news at @theryanparker and on Facebook

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