It must be a sheer delight for movie poster collectors to hear about a rare and coveted Metropolis movie poster to be auctioned off soon. The poster- one of only four known surviving copies from the 1927 silent classic has been seized as part of a Chapter 7 liquidation bankruptcy case involving its owner Kenneth Schacter, a well-known collector. The poster was created by German painter Heinz Schulz-Neudamm for the 1927 flick Metropolis, which is generally considered a masterpiece of early German filmmaking and the forerunner of modern science fiction movies.
Although the seized poster is an international version, its beautiful art deco design hailed it as the poster world’s crown jewel, pushing its price sky-high in the open market. Although Schacter has purchased the poster for $690,000 in 2005, he estimated its value at a comical $250,000. The poster had been offered for sale in March for $850,000 by Movieposterexchange.com. This time it is estimated to fetch more than a million.