Posts Tagged ‘$850’

Metropolis for Sale

March 22, 2012

Would you believe that a German 3 sheet of Metropolis, the classic 1927 silent sci-fi film by director Fritz Lang is up for auction? Yes, it is true. It is being sold at Movie Poster Exchange.Com. You can click on the website name to go to the page where the poster is being sold. How much is it being sold for? Would you believe $850,000?

Darn, these things always have to go on sale before the Powerball hits $75 million. Kidding aside, I know, this entry seems more than a bit ironic considering last week’s entry dealt with not falling for the hype that surrounds the news of pop culture items being auctioned off for hundreds of thousands of dollars. The Metropolis auction shows another side of the issue. Namely, if you are going to buy a pop culture or movie related item with the hopes it will appreciate in value, you need to get something with a track record of increasing auction and sale prices.

Metropolis is a good example of this.  The last time a Metropolis poster when up for auction was 2005 and it sold for $690,000.  Before the 2005 auction, a Metropolis poster sold on eBay for $200,000. As you can see, Metropolis prices have gone up each time it sold. Yet, before you run off to buy a Metropolis movie poster, there are three important things you should know:

1)    These were original theatrical posters that were sold. Meaning that these were posters that hung in movie theaters and survived all these years.

2)    Metropolis is a very rare movie poster. There are only 4 known to exist.

3)    Don’t expect to find an original Metropolis movie poster at a flea market or in an older relative’s closet.

While Metropolis has a history of increasing sale prices, the only person who got this poster for a steal was the theater employee in 1927 who decided to take the poster home, instead of throwing it out, after the movie’s initial run. Think about, if a movie poster sells for $690,000 in 2005, wouldn’t it make sense that it would sell for more than that in 2012.  Yet, as great as it is that Metropolis has appreciated in value, it is important to note that movie posters that sell for six figures and up are out of reach of the average person.

“Well what about the movie posters from today’s films?” You must be asking. “They are available at a reasonable price. Won’t they sell for big bucks 20 years from now?” That’s hard to say. Case in point, the film Citizen Kane is considered one of the gems of American cinema and it is listed at number one on the American Film Institute’s (AFI) Top 100 Movies list. When it was released in 1941, it bombed. Now imagine you are a teenage movie theater usher in 1941. The manager tells you to get rid of the movie poster for Citizen Kane because its run is over. You throw it out without thinking twice about it. Fast forward to 2006, a one-sheet movie poster (27 x 41 inches) for Citizen Kane sold at auction for $60,000. Who would have guessed in 1941 that a film that bombed would be so revered and its poster so valuable? The answer is few to none. So, don’t go picking up movie posters for Cowboys and Aliens thinking it will become the Citizen Kane of the 21st Century.

Still, if you like Cowboys and Aliens and get a movie poster from the film, don’t let the idea that you may not be able to trade it in for a mansion and a yacht take away from your enjoyment of the poster. After all, space and the American West are both frontiers, so it was only a matter of time before someone put them together. Too bad it didn’t do well in theaters. Also, Harrison Ford and Daniel Craig are kind of cool looking. (But not as cool as Matt Damon!)

Sources:
http://www.hollywoodreporter.com/heat-vision/metropolis-poster-record-leonardo-dicaprio-298114

http://movieposterexchange.com/buy.php?mode=key_search&keyword=metropolis

http://www.afi.com/100Years/movies10.aspx

Heritage Magazine Fall 2008 “Remember When…1941” Pg. 8

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