Rare Movie Posters Found In Pa. Attic Fetch $503K

DALLAS (AP) — A collection of rare movie theater posters found in a northeastern Pennsylvania attic has fetched a total of $503,000 at auction.

The sale of 33 posters from the Golden Age of Hollywood ended Friday at Heritage Auctions in Dallas.

The auction house said a rare 1931 poster for the movie “Dracula” topped the list with a selling price of $143,400. It sold to an anonymous overseas buyer.

lf Rare Movie Posters Found In Pa. Attic Fetch $503K

Credit: Heritage Auctions

A surprise of the auction was the $101,575 price paid for the rare poster of the 1931 movie “Cimarron,” the first Western to win the Best Picture Academy Award.

The posters were stuck together with wallpaper glue when they were purchased for around $30,000 at a country auction last fall in Berwick. The rare find was revealed as they were steamed apart.

MORE: Heritage Auctions’ Description of Posters

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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Comments

One Comment

  1. Gina says:

    What is his capital gains tax?!!! Have some of the same issues Anyone know?

    1. Richard says:

      Gina:, I have been in the biz my whole life… That is not an easy question to answer – depends on when you got them, how you got them, what was paid for them, and the like… Drop me a note – richard underscore custis at Y Who – I’ll steer you in the right direction – none of which are listed here… No Charge – just want to help – where this article didn’t…

    2. Richard says:

      Joe, Wrong! Capital Gain Tax will most likely apply, and at a higher rate for “Collectibles” than for other things… Between this article guiding Gina one way, and you guiding her another, she will be in real trouble… And Gina asked about SELLING these things, NOT Buying them, so Sales Tax will NOT apply to her… Please be careful folks!!!

  2. I’d like to see a photo montage of all of them please.

  3. joe says:

    I don’t think a Cap Gains tax would apply. Sales Tax does though.

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