Conferro Auctions, which specialises in Indian art and collectibles, held a special preview of its upcoming inaugural auction at a hotel here last night.
Besides the film posters, the auction on November 29 will feature collectables such as LPs, lobby cards,film banners and memorabilia from some of the milestones of Indian film history, including Mughal-e-Azam (1960) and Sholay (1975), which were recently voted the top two greatest Bollywood films of all time.
"It is immensely inspiring to have had so many collectors and non-collectors alike, taking such an interest in Bollywood cinematic heritage," he said.
Two lots and a percentage of all sales achieved at the auction will be donated to the charity, Pratham UK, as part of Conferro's commitment to helping provide basic literacy to India's 100 million illiterate children.
Indian cinema has become one of the world's largest film industries since the debut of its first official film Raja Harishchandra in 1913.