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DS, one page, 8.5 x 4.5, September 27, 1976. City National Bank of Beverly Hills, California corporation note agreeing to a loan request of $1,000,000 made by Sundance, Inc., which reads: “On demand, or if no demand made then on September 30, 1977, for value received, the undersigned, a corporation, promises to pay to the order of City National Bank, at its banking house in this city, the sum of One Million & no/100 Dollars with interest thereon at the rate of 1 + Prime per cent per annum from Date Hereof until paid.” Signed at the conclusion by Redford as president of Sundance, Inc. Countersigned below by a secretary. In fine condition. Accompanied by a full letter of authenticity from Beckett Authentication Services.
A fascinating document that ostensibly relates to the initial funding of the Sundance Film Festival, which was established in Salt Lake City, Utah, in 1978 as the Utah/US Film Festival. The festival moved to nearby Park City, Utah, in 1981 and was renamed the US Film and Video Festival, before ultimately being renamed the Sundance Film Festival in 1991. Although unconfirmed, this $1 million loan seemingly represents the earliest tangible evidence of Redford’s personal commitment to launching the Sundance Film Festival, the largest independent film festival in the United States.
