The Last Performance (1929) was the last American silent film featuring Conrad Veidt before he returned to Germany. Two versions were made - a silent version and Movietone version complete with music, talking sequences, and sound effects. The silent version was first played at the Variety at the Little Carnegie Theater in New York in November 1929. The silent version of the film was released by the Criterion Collection on Blu-ray and DVD with Paul Fejos' "Lonesome" in August 2012.
The movie was shot on the same set as the 1925 film The Phantom of the Opera, and contained an early use of zoom effects.
The film received mixed reviews. While Photoplay wrote "Conrad Veidt as a magician in a much over-acted and over-directed film", The New York Times on 8 November 1929 wrote:
"Dr. Fejos has handled his scenes with no small degree of imagination. Mr. Veidt's clever acting and Mary Philbin's captivating charm, this picture holds one's attention. Moreover, the narrative is developed with a certain force and skill. While some of the straight camera work is not up to scratch, there are a number of photographic feats that are quite effective. It is a picture that looks older than it really is, especially in the tinted portions where one goes from an amber interior scene to an azure blue night in the open."