Lost City has not yet been able to find out what happened to the old neon sign at McHale's, but look was an observant reader turned up for us: the sign to nearby, erstwhile theatrical eatery Barrymore's. Said item is for sale on Old Good Things Webstore. This, even as the old Barrymore's building on W. 45th Street is being torn down as we speak.
Barrymore's went down for the count more than two years ago. It didn't have the rich history McHale's did, but still. The sign is going for $2,500. If I had it, I'd buy it and put the thing in my imagined Museum of Classic New York Neon.