November 15, 2005
‘Metropolis’ Film Poster Sells for Record $690,000
LONDON -- A poster for the classic German 1920s film "Metropolis" has been sold for a world record $690,000 to a private collector from the United States, the London gallery which arranged the sale said on Tuesday.
The sale beat the previous record for a movie poster of $453,500, set in 1997 by a poster for the 1932 film "The Mummy," the Reel Poster Gallery said.
The art deco poster is one of only four known copies in existence. The Museum of Modern Art in New York and Berlin's Film Museum have one each while another is in a private collection.
The poster was bought by California-based collector Ken Schacter from British businessman Andrew Cohen, chairman of mail order firm Betterware, a spokeswoman for the gallery said.