ABBOTT & COSTELLO (LOU COSTELLO) - DOCUMENT SIGNED 09/16/1955 - HFSID 177702
Sale Price $467.50
Comedian Lou Costello, one-half of Abbott and Costello, signed this $1 bill of sale in 1955 to divide the assets of his production company Cosman Productions between himself and three members of his family to pay back taxes to the IRS.
Document signed "Lou Costello" as President of Cosman Productions, Inc. and by secretary of Cosman Productions. 1 page, 8½x13, on stationery of the law offices of Irell & Manella in Los Angeles, California. Sept. 16, 1955. Titled: "Bill of Sale". Costello signed this document to divide the assets of Cosman Productions, Inc. between himself, his older brother Pat Costello, his mother Helen Cristillo and his sister Marie Kirk for $1. Lou received an 88 percent share of the assets, while Pat, Helen and Marie each received 4 percent. Cosman Productions was Lou's production company. He most likely sold off the assets to pay income tax deficiencies to the Internal Revenue Service. Lou and his partner Bud Abbott wound up selling most of their assets, including their film rights. In the year this document was signed, Costello appeared in two feature films with partner Bud Abbott: Abbott and Costello Meet the Keystone Kops and Abbott and Costello Meet the Mummy. They were also into the fourth year of their TV show The Abbott and Costello Show (1952-1958). PAT COSTELLO (1903-1990, born Anthony Sebastian Cristillo) was Lou's older brother. An actor and stuntman, he had done stunts and was an occasional stand-in for Lou. HELEN REGE "LOLLY" CRISTILLO was Lou's mother. She had married Lou's father, producer Sebastian Cristillo, in 1902. MARIE KIRK was Lou's sister, the former MARIE KATHERINE CRISTILLO (the last of the Cristillo children, she was born in 1912). Marie had been married to actor Joe Kirk, who appeared in several Abbott and Costello films and on their television show. With partner BUD ABBOTT (1895-1974, born William A. Abbott in Asbury Park, New Jersey), LOU COSTELLO (1906-1959, born Louis Francis Cristillo in Paterson, New Jersey) formed one of the greatest comedy teams in the history of show business. They mastered the straight man/clown relationship, creating a magical chemistry that took them from vaudeville and burlesque to radio, Broadway, film and television. The Abbott & Costello Show aired on radio on ABC from 1941 to 1946 and on NBC from 1946 to 1949. Abbott and Costello were also guest hosts of NBC's hour-long live variety show, The Colgate Comedy Hour, seven times between 1951 and 1954. Their "Who's on First?" routine is enshrined in the National Baseball Hall of Fame.Abbott and Costello split up in 1957 after troubles with the Internal Revenue Service left both men broke. Lightly toned and creased. Light tear in document near bottom right corner (does not touch signature). Light tear in bottom edge. Light dent in top edge. Staple holes and two file holes in top edge. Folded thrice, comes folded once. Otherwise in fine condition.
Following offer submission users will be contacted at their account email address within 48 hours. Our response will be to accept your offer, decline your offer or send you a final counteroffer. All offers can be viewed from within the "Document Offers" area of your HistoryForSale account. Please review the Make Offer Terms prior to making an offer.
If you have not received an offer acceptance or counter-offer email within 24-hours please check your spam/junk email folder.