Landmark Auction: The Chicago Theatre

Our next Landmark Auction is upon us! Tomorrow, Saturday, September 18th, at 8:00 AM PT, we will begin the reverse auction for the Chicago Theatre! To purchase this iconic property, simply head to the provided address at the given time and players will be able to mint as soon as the property unlocks.

The Chicago Theatre Reverse Auction

Originally named “the Wonder Theatre of the World” when it initially opened in 1921, this French Baroque movie palace is one of the most iconic majestic and iconic buildings in Chicago.

The grandeur of The Chicago Theatre often leaves its visitors breathless. The elegant lobby, majestic staircase, and beautiful auditorium complete with murals above the stage and on the ceiling are [the] components of an amazing building...

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Fun Facts about The Chicago Theatre

• The beautiful Chicago Theatre was built for $4 million and was the first large, lavish movie palace in America, and was the prototype for all others. 
• The grand lobby is modeled after the Royal Chapel at Versailles. It is five stories high and is surrounded by gallery promenades at the mezzanine and balcony levels. The grand staircase is also patterned after the Paris Opera House and ascends to the various levels of the Great Balcony.
• The Chicago Theatre’s 3,600 seat auditorium is seven stories high and more than one-half of a city block-wide!. The vertical “C-H-I-C-A-G-O” sign is nearly six stories high and is one of the few such signs in existence today.

Price Analysis

The Chicago Theatre is located at 175 N STATE ST in Chicago and checks in at a sizable 315 UP2. Had this property not have been a landmark, the original minting price would be 69,300 UPX.

Based on landmark premiums, the Chicago Theatre’s minimum suggested minting price has been estimated at 824,670 UPX. The starting price for this landmark will be 15,000,000 UPX, from which we will work our way down to the suggested mint price. The Chicago Theatre is one of the most iconic locations in Chicago, and the winner will be lucky to own such a majestic and historic building.

Price Reduction Schedule

Can't wait to see who gets their hands on this awesome Landmark!