SOLD - $219,000 for Posters Found Under Flooring
UPDATE - November 24, 2015
By James Massey
SOUTHERN PENNSYLVANIA – A treasure trove of 17 rare movie posters discovered under linoleum flooring during a house remodel, have collectively fetched $219,000 according to Art Daily.
The two most valuable posters were both 1932 MGM films. Red Headed Woman starring Jean Harlow and Chester Morris which sold for $77,675. Tarzan the Ape Man starring Johnny Weissmuller and Maureen O'Sullivan which sold for $80,000.
The Moment of Discovery
According to the Daily Mail, who interviewed the homeowner, Robert Basta, 56. Mr Basta (who's also a builder) bought the 1800's Pennsylvania house cheap, at auction, due to its poor condition.
During the remodel, Basta had asked his 22-year-old son Dylan, to pull up the floor so he could earn some extra money... did he ever.
Basta also states in the interview; “You always dream of coming across something valuable hidden in a closet or under the floorboards but it had never happened—until now."
Posters Still Being Found
Early movie posters, particularly those with good artwork from well-known films are can have a tremendous value. Earlier this year a 1931 Frankenstein poster was found hidden in a boarded over projection booth of a remodeled theater. It fetched $358,000.
Heritage Auctions handled the sale of all 17 posters (November 21 - 22, 2015) in Dallas, Texas. The results for the auction can be viewed here.More about the Posters and their Discovery (Source: Heritage Auctions)
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