Oscars 2017: You’d be shocked to know the worth of the golden statue
You wouldn’t be able to guess the real worth of the Oscar statue — the most coveted trophy in the entertainment industry across the world. Or can you?hollywood Updated: Feb 25, 2017 17:59 IST
You’d expect the golden statue that every artist associated with the films dreams of taking home at leat once, to be invaluable. But you couldn’t possibly guess the worth of an Academy Award.
Well, the Oscar statue is worth only $10 in itself.
The making of the Oscar statue costs $400 but as per a rule, before a trophy can be put up for auction, it must first be offered to the Academy of Motion Picture Arts and Sciences for $10, reported the Entertainment Weekly.
Oscar-winner Steven Spielberg, who is one of the supporters of this rule, spent $1.36 million on Oscars belonging to Bette Davis and Clark Gable, only to donate them back to the Academy.
The rule was also upheld in a court ruling in 2015.
Follow @htshowbiz for more
First Published: Feb 25, 2017 17:56 IST