["HOOK"] PROP SWORD, LEATHER WRAPPED, WITH ADVANCE ADVERTISEMENT

Stage sword (27 7/8 in.; 70.5 cm). Steel blade (19 3/4 in.; 50 cm), hand-painted resin hilt wrapped in leather; minor scratches to blade, leather lifting in one or two places. [With]: Advance advertisement (6 3/4 x 4 7/8 in.; 17.2 x 12.5 cm), encased in Lucite.

Stage sword (27 7/8 in.; 70.5 cm). Steel blade (19 3/4 in.; 50 cm), hand-painted resin hilt wrapped in leather; minor scratches to blade, leather lifting in one or two places. [With]: Advance advertisement (6 3/4 x 4 7/8 in.; 17.2 x 12.5 cm). Color advertisement encased in Lucite.
In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective qualified opinion.
NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING CONDITION OF A LOT, ALL LOTS ARE OFFERED AND SOLD "AS IS" IN ACCORDANCE WITH THE CONDITIONS OF SALE PRINTED IN THE CATALOGUE.

The sword was used in the fencing scene between Peter (Williams), and Captain Hook (Hoffman).  When Peter leaves the Lost Boys at the end of the film, in a poignant turn, he hands the sward to Thud Butt (Raushan Hammond) "to protect the little ones."