The 98th Oscar Awards has started at the Dolby Theater in Los Angeles. The names of the winners have been announced. Leonardo DiCaprio’s film One Battle After Another was the best film and won the maximum of 6 awards. The trophy seen in the hands of the winners of the Oscar Awards also has its own story. Most people call it the Oscar Trophy, but this is not its real name.
The official name of Oscar’s official trophy is Academy Award of Merit. The weight of the 13.5 inch trophy is 3.8 kg. The bronze trophy is gold plated. There was an occasion in the history of the Oscar trophy when it was sold through auction and was bought by Michael Jackson. Now the question is whether the trophy can still be bought and when will the trophy be sold?
How did you get the name Oscar?
It is officially named the Academy Award of Merit, but the trophy is more popularly known as an Oscar. There is a popular story of this name. According to the Oscar’s official website, upon seeing the trophy for the first time, Academy librarian Margaret Herrick commented that it resembled her uncle Oscar.
The Academy did not officially adopt the name until 1939, but by 1934 the name had become so popular that Hollywood columnist Sidney Skolsky used it in an article on Katharine Hepburn’s first Best Actress win. In that he mentioned the Oscar Award. Librarian Margaret later became its executive director. In this way it also came to be known as the Oscar Award.
Can the trophy be sold?
There are strict rules regarding this trophy. The rules of the Academy of Motion Picture Arts and Sciences say that if a winner wants to sell his Oscar, he cannot auction it directly. There is a ban on selling it. But the rules say that if the winner wants to do so, he will have to return his trophy to the academy for $1. This rule was made so that the Oscars remain a symbol of achievement and not something to be traded for profit.CNBC report says, this rule came into force in 1951, but this rule will not apply to the trophies which were won before that.
Who sold the Oscar trophy?
This rule does not apply to Oscar awards given before 1951. This is why some trophies have been sold at huge prices.For example, Michael Jackson bought the Best Picture Oscar for the film ‘Gone with the Wind’ (1940) for approximately $1.5 million. This Oscar originally went to the film’s producer David O. Selznick. At that time it was the most expensive Oscar in history sold at an auction.
Michael Jackson 1.5 million dollars I bought the Oscar trophy.
According to CNBC report, the award received for the film ‘Citizen Kane’ (1942) was later sold for $8,61,542. Not only this,Some other old Oscars were also sold through separate auctions. Trophies of some winners of the 1940s and 1950s were sold. Some artists or their families later auctioned them. However, later a new rule was implemented to stop the auction.
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