Sotheby’s had predicted that the work, one of only three known surviving examples of the original lithographic poster from the 1932 film, would fetch up to $1.5 million.
“Unfortunately, the work did not find a buyer in our online auction that concluded today, but that does not in any way detract from its importance,” Sotheby’s said in a statement.
The auction house described the piece as “one of the rarest and most celebrated film posters in existence, and a seminal example of the graphic design pioneered by Hollywood studios during their ‘Golden Age of Horror.’”
The poster set a record more than 20 years ago when it fetched $453,500, a price exceeded last year when a poster from “Dracula,” the 1931 horror film starring Karloff rival Bela Lugosi, sold for $525,800 at auction.