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'Mummy' Poster Sets Auction Record

March 02, 1997|From Times Staff and Wire Reports

A private collector paid a record $453,000 for a poster of the 1932 Boris Karloff classic film "The Mummy," spending more than twice the previous high mark for a movie poster, Sotheby's said. The buyer, who identified himself only as a New York collector, outbid a second man as the cost of the rare poster--only two are known to exist--spiraled to more than four times its pre-sale estimate of up to $100,000, Sotheby's spokeswoman Kate Drury said. Several other bidders dropped out at $150,000 for the 41-inch-by-27-inch poster done 65 years ago by acclaimed Universal Studios advertising art director Kroly Grosz.

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