Damnation tells the story of Karrer (Miklós B. Székely), a depressed man in love with a married torch singer (Vali Kerekes) from a local bar, the Titanik. The singer breaks off their affair, because she dreams of becoming famous. Karrer is offered smuggling work by Willarsky (Gyula Pauer), a local bartender. Karrer offers the job to the singer's husband, Sebestyén (György Cserhalmi). This gets him out of the way, but things don't go as Karrer plans. Betrayals follow. Karrer despairs.