Oscars’ statue auction realizes $3 million, seriously!

Andrea Divirgilio / March 1, 2012

When it comes pieces of movie history being up for sale, we have mainly touched upon the cars, dresses, and even watches which have been put up at these auction events; like most iconic celebrities’ dresses which had the likes the of Audrey Hepburn and Elzabeth Taylor’s dress go under the hammer. But, we were a bit taken aback when we came across the news, that 15 Oscar Award statues went under the hammer and fetched a total price of $3 million, the highest ever fetched by a single collection of such statues. They included the likes of Herman Mankiewicz who had won his Oscar for writing the script of Citizen Kane, which incidentally fetched the highest winning bid of $588,455 at the event.

Oscar statues which fetched $3 million at auction

When it came to the Oscars awards and the momentous statue, there is little monetary value attached to it and is more known for the pride and honor it brings along. But now, these symbols seem to have a price tag attached to them, as proved by this auction price, and a good amount of cash at that. With the $3 million in winning bids, many memorable trophies changed hands including the likes of 1933 Oscar for Cavalcade which fetched $332,165, 1931 Oscar for Best Director (Norman Taurog) for the movie ‘Skippy’ which bought in $301,973, and Best Picture Award for ‘How green was my valley’ which fetched $274,520. The event organized by noted auctioneer Nate D Sanders.

However, this brings to light a very interesting award of the award history. The Academy of Motion Picture Arts and Sciences had initially introduced a special contract with all winners of the award, which prevented them from selling their trophies, but only had a nominal fine attached of $1. However, with this auction event, all seems to have changed as movie fans seem to be ready to shell out all the excess cash needed to get hold of this unique memorabilia.

Via: Reuters/ Guardian

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