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The Treasure of the Sierra Madre

Riding high in 1947 with a new 15-year contract with Warners which provided limited script refusal and the right to form his own production company, Bogart rejoined with John Huston for The Treasure of the Sierra Madre: a stark tale of greed among three gold prospectors in Mexico. Lacking a love interest or a happy ending, it was considered a risky project. Bogart later said about co-star (and John Huston's father) Walter Huston, "He's probably the only performer in Hollywood to whom I'd gladly lose a scene."

The film was shot in the heat of summer for greater realism and atmosphere and was grueling to make. James Agee wrote, "Bogart does a wonderful job with this character... miles ahead of the very good work he has done before." Although John Huston won the Academy Award for Best Director and screenplay and his father won the Best Supporting Actor award, the film had mediocre box-office results. Bogart complained, "An intelligent script, beautifully directed—something different—and the public turned a cold shoulder on it."