Lot 971
Mayer, Louis B (1885-1957). Hollywood executive. Mayer began his career in the movies by buying a small theater to show top quality films. He began to invest in additional theaters and soon Mayer owned a small chain of theaters in New England. Eventually, he delved into the production aspect of filmmaking, opening his own studio in Los Angeles in 1924. After a merger with Marcus Loew, Metro-Goldwyn-Mayer was formed. Mayer, however, was able to retain the positions of vice president and general manager.
Typed Letter Signed ("Louis B. Mayer"). One page, quarto, Culver City, California, August 26, 1924. On Metro-Goldwyn-Mayer letterhead. In black ink. To art director A. Cedric Gibbons. Accompanied by Cedric's original three page contract, and five pages of previous renewal agreements. Gibbons' signature appears on this document and the previous year's renegotiations. Pages are stapled, with two horizontal folds, two hole punches at top edge, slight toning. Still, signatures are clear and bold. In fine condition overall.
Re-negotiating a contract, Louis Mayer writes: "This is to advise you that the term of your employment under your contract with us … is, extended for the term of one (1) year … at a salary or compensation of Four Hundred Seventy-Five Dollars ($475.00) per week". Gibbons, the designer of the Oscar statuette who received eleven of the awards for his work as an art and set director, signs the contract in agreement, with Mayer.
Estimated Value $350-UP.
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| Realized $460 |
