Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Oscar statuettes fetch $3m at auction

01 March 2012, 12:40

United States - Fifteen Oscar statuettes have sold for a total of $3m at an online auction, the most money made from a single collection of Oscars in a sale by bid, organisers said on on Wednesday.

Los Angeles auctioneer Nate D Sanders said the hot seller of the collection was Herman Mankiewicz's statuette for best screenplay, which he won for co-writing the 1941 film Citizen Kane with Orson Welles. The Oscar sold for $588 455.

Welles' own best screenplay Oscar for the movie, which both the American and British film institutes list as the best picture ever made, fetched $861 542 at an earlier Sanders auction in December.

High demand

"People continue to be drawn to the magic of the movies and were extremely enthusiastic bidding on the Oscars, which accounted for the high demand and sales prices," Sanders said in a statement.

Other statuettes that pulled in high sums included the 1933 best picture award for the drama Cavalcade, which brought in $332 165, while the oldest statuette in the collection, the 1931 best picture award for Skippy, netted the third highest total. It sold for $301 973.

An Oscar given to Charles Coburn in 1943 for best supporting actor in The More the Merrier held special significance as the first statuette ever awarded in the best supporting actor category. It went for $170 459.

Prior to 1943, winners of the best supporting actor category received awards mounted on plaques.

The identities of the main buyers at the auction were not revealed. The $3m generated by the auction was the most ever made for a sale by bid of Oscars, and it was the most statuettes ever put up for auction in a single event, said Laura Yntema, spokesperson for the auction house. The auction house had anticipated the sale would bring in $2m.

The auction for the 15 statuettes went live online in mid-February and the sale ended on Tuesday. Bidding continued on Sunday, when the 84th annual Academy Awards were held and French romantic comedy The Artist won the top prize of best picture.

Oscars are increasingly rare finds at auction. The Academy of Motion Picture Arts and Sciences introduced an agreement in 1950 that banned winners from selling their Oscars to anyone but the Academy for the nominal sum of $1.

The best picture Oscar for the 1939 film Gone With the Wind was sold to singer Michael Jackson in 1999 for a record $1.54m.


Join in the conversation on News24 Kenya’s Facebook page.

Get the latest news by following us on Twitter

- Reuters


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Jayne Zack
I am in ODM to stay, Busia Depu...

Busia Deputy Governor Kizito Wangalwa told Deputy President William on the face that he was in the Orange Democratic Movement to stay. Read more...

Boda Boda operators in Bahati rai...

Motorbike Boda Boda operators from Bahati Sub county on Tuesday took to the streets of Nakuru’s CBD lamenting over what they term is harassment by patrol police officers in the area. Read more...

Submitted by
Gabriel Ngallah
Human Rights activist lives in fe...

The Human rights fraternity in Mombasa is currently living in fear after the home of one of the vocal human rights champion was invaded on Monday night. Read more...

Submitted by
kel wesh
Poisonous milk powder siezed by K...

The Kenya Revenue Authority has seized two containers with illegal milk powder which had been declared as gypsum board at Mombasa port. Read more...

Submitted by
William Korir
Be ready for protests, Raila warn...

Expect protests if meddling with Auditor General continues, Raila Odinga has said. Read more...

Submitted by
Kenya says will return to interna...

Kenya will return to international markets to borrow when it feels the time is right, National Treasury Cabinet Secretary Henry Rotich said on Tuesday. Read more...