"It's been a lot of fun putting it together for you", he told the crowd at the inner-city Carriageworks building.
If you're curious, you can check out the entire lot of times here.
The event was a year in the making by Crowe as a way to deal with the end of his marriage, after he and Spencer separated in 2012.
The biggest price so far has been A$135,000 for the Master and Commander: The Far Side of the World violin by Leandro Bislach.
John Keats from Sotheby's Australia stands with props from the film "Gladiator" owned by actor Russell Crowe.
Sotheby's Australia had estimated the stunt cuirass worn in the 2000 blockbuster would fetch between AU$20,000 and AU$30,000. He came to global attention for his role as the Roman General Maximus Decimus Meridius in the 2000 historical epic film Gladiator, directed by Ridley Scott, for which Crowe won an Academy Award for Best Actor.
Among the purged: the much-marveled at suede and elastic groin protector worn by Crowe in 2005's Cinderella Man, which sold for $7,000 AUD or roughly $5,400 United States dollars via telephone bid, far exceeding its $500-600 AUD estimation. While only expected to fetch $500-700 AUD or $380-530 Dollars, a telephone bidder paid $11,000 AUD or roughly $8,400 USD for the piece.
Canada's trade deficit grew to $2.7 billion in February
The rise in imports was broad based, driven by a 15 percent rise in energy products to the highest level since late-2014. Exports rose to US$204.4 billion, led by industrial supplies and materials, vehicles and capital goods.
Sotheby's was closer to the mark in valuing the maroon Doc Martens boots Crowe wore as the skinhead Hando in the 1992 film Romper Stomper.
One buyer stumped up $115,000 for a costume Crowe wore as Captain Jack Aubrey in the 2003 film "Master and Commander".
Crowe also parted with a collection of artwork, including the 1960 Charles Blackman work "The Suitor", which sold for $360,000.
A 1986 Grammy Award that was jointly presented to Johnny Cash, Carl Perkins, Jerry Lee Lewis, Roy Orbison, Sam Phillips, Rick Nelson and Chips Moman sold for $150,000.
Before the auction started, Sotheby's predicted the 227 eclectic lots, covering films, guitars, paintings, jewellery, watches and sporting memorabilia, would bring between A$2.6 million and A$3.7 million.
All winning bids attracted a 22 percent commission.