Tonight is the momentous night of the Oscars. Winning an award is a great achievement for any actor. The weight of an Oscar statue is huge, for what it symbolizes. But how much does such a statue cost? Let us break your dreams by telling you that an Oscar statue costs only $ 1.
The Academy of Motion Picture Arts and Sciences, which organizes a major event in the cinema industry, has strict rules regarding the sale of statues. According to the regulation, winners cannot sell the statue without first offering the academy for the obligatory $ 1. This rule also applies to family members who inherit statues.
The academy previously offered $ 10 for a statue, but the rules changed in 2015, when Joseph Wright's statue for "My Gal Sal" in 1942 ended up in the hands of Nate D. Sanders - a company selling Hollywood relics. thing.
Wright's grandson Joseph Tutalo sold the statue to Briarbrook Auction Company, which later resold it to Nate D. Sanders for $ 79,200 in 2014. The academy sued Briarbrook to force him to submit to the 1951 rule. sell, to initially offer the academy for $ 10.
This rule is binding on anyone who wants to sell an Oscar statue after winning. This is because the Academy does not want the statues to become objects of sale, as they say it reduces the value of an Oscar.
