29 Feb '12, 6pm

Oscars go under the hammer for $3 million

Oscars go under the hammer for $3 million

A Los Angeles auction house sold a collection of 15 Oscar statuettes for more than $3 million on Tuesday, two days after this year’s Academy Awards show . The gold-plated prizes included a Best Screenplay Academy Award for the iconic movie “Citizen Kane,” given to Herman Mankiewicz in 1941. Los Angeles auction house Nate D. Sanders sold the Oscar, which went for $588,455, the highest price for a single statuette. In all the sale earned $3,060,089, including the buyer’s premium. The 1933 Best Picture Oscar, awarded to “Cavalcade,” went for the second highest total, selling for $332,165, while the 1931 Best Picture Oscar for “Skippy,” the oldest sold, went for $301,973. The 1941 Best Picture Oscar for “How Green Was My Valley” went for $274,520. “People continue to be drawn to the magic of the movies and were extremely enthusiastic bidding on the Oscars, which accounted for ...

Full article: http://www.luxuo.com/auctions/collection-oscar-statuettes...

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