NEW YORK, NY.- On Wednesday, August 3, Swann Galleries will conduct a two-session auction of Vintage Posters, which features a wonderful assortment of summer resort and beach posters from around the world, World War I and II propaganda posters, and the ever-popular Mather Work Incentive posters. The sale opens with a selection of more than 40 American turn-of-the-century literary posterswhich is the largest offering of these works at auction in years. The majority are Edward Penfields designs for issues of Harpers magazine. Penfield, known as the Father of the American Poster, depicted an elegant couple in a rowboat for the June 1894 issue; a Yalie at a Harvard vs. Yale football game in November 1894; and a raven-haired beauty cuddling two cats for Harpers May, 1896 (estimates: $1,500 to $2,000 each). Other highlights among the literary posters are Ethel Reeds 1895 designs for