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The first ever ad was for Bulova watches in 1941. It cost a whopping $9 (just $4 dollars more than this reconstruction cost).
I found the film here on KZbin - • De 1941: el primer com...
But there wasn't any voiceover for it. So I went to fiverr.com and hired the wonderful Dawg (fiverr.com/abcdawg) to recreate what many documenters say was there.
Five minutes of Final Cut tinkering later and - tada - here we are.
I recreated the ad for a lecture I was doing at schoolcommunica... but thought I may as well put it up here for any other advertising geeks to see.
Enjoy.