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Oscars for sale pull in millions
Published: 29 February, 2012, 20:09
This handout image provided by Nate D. Sanders Auctions February 27, 2012, shows a collection of fifteen Oscars to go under the gavel by the auction house, with online and telephone bidding ending February 28. (AFP Photo / Nate D. Sanders Auctions)
Not being an Oscar winner doesn't mean you can’t be an Oscar owner. Fifteen Academy Award statuettes, including one for Citizen Kane, went under the hammer in Los Angeles – bringing the sellers a total of $3 million.
The Oscar received in 1942 by Citizen Kane screenwriter Herman J. Mankiewicz fetched $588,455, becoming the top-selling lot at the Nate D. Sanders auction two days after the 84th annual Academy Awards on Sunday.
And the Best Picture Oscar won by Cavalcade (1933) sold for $332,165. Another Best Picture Oscar, won by How Green Was My Valley (1941) brought in $274,520.
The oldest Oscar featured at the auction was for Best Director of Skippy (1931). This award sold for $301,973.
Academy members have long criticized Oscar award auctions. In 1950, the Academy issued a rule banning Oscar winners from selling the prestigious prizes.
The Academy’s statement says that both its members and the filmmakers and craftspeople who've won Academy Awards “believe strongly that Oscars should be won, not purchased.”
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