A poster for the classic German science-fiction film Metropolis, which holds the record for world’s most expensive film poster, is to be sold at auction again after its owner filed for bankruptcy recently.
The poster was painted by German artist Heinz Schulz-Neudamm to promote the release of Fritz Lang’s 1927 film about a futuristic urban dystopia, and is one of only four known remaining copies.
The poster was bought by collector Kenneth Schacter for a record $690,000 in 2005, according to The Guardian.
In his bankruptcy filing, Schacter stated the poster was worth $250,000, but it was put on the market for sale in March for $850,000, and experts claim it could become the first poster to sell for more than $1 million.
Poster dealer Sean Linkenback has called it “the crown jewel of the poster world”.
Schacter’s poster collection is reportedly worth up to $5 million and also includes a 1933 King Kong poster, which experts believe is close in value to the Metropolis poster, and a 1933 The Invisible Man poster.
All three posters are in the possession of Schacter’s bankruptcy trustee, who plans to organise a liquidation auction of Schacter’s entire collection once it has been fully itemised.View Comments