Oscars, Everything you Do not Know, but You Should! - 9facts

Oscars, Everything you Do not Know, but You Should!

#1. An Oscars award doesn’t cost $1 for just anybody

An Oscar award doesn’t cost $1 for just anybody (The Oscar)

Oscars winners upon being presented with their award, must sign an agreement stating that if they wish to sell their statuettes they must first offer them to the Academy for $1. If they refuse, they cannot keep their trophy. The rule has been in effect since 1950, which means that older statues do sometimes appear on the open market. Interestingly, Steven Speielberg bought Bette Davis’ Oscar for $578,000 in 2001 and donated it back to the Academy and Michael Jackson paid over a million for David Selznick’s award in 1999. Steven Spielberg also bought Clark Gable’s 1934 Best Actor Oscar for It Happened One Night, for the bargain price of $550,000 in 1996. Source: oscar.org

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