World America 26 Feb 2017 Oscar statue is wort ...

Oscar statue is worth only $10

PTI
Published Feb 26, 2017, 2:14 am IST
Updated Feb 26, 2017, 2:47 am IST
The making of the Oscar statue costs $400.
Oscar statue
 Oscar statue

Los Angeles: It is the most coveted trophy in the world of entertainment but the Oscar statue itself is worth only $10.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.

 

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