Won the Academy Award for Best Actor in 1929 for his first starring role, in In Old Arizona. Vintage matte-finish 8 x 10 head-and-shoulders photo, signed and inscribed in fountain pen “For Ralph, with the same old good wish, may you also climb to great heights. Sincerely, Warner Baxter 1925.” In fine condition, with light contrast to portion of inscription, small spot to right edge, and some light corner wear. R&R COA.