For aspiring actors, holding the Academy Award is a dream. While it has immense sentimental value for Hollywood elite and beginners alike, how much is it really worth, though?
Mic reported that the 13.5″, 8.5 lb. statue, colloquially known as the Oscar, is solid bronze and plated in 24-karat gold. While the exact price fluctuates based on metal prices, the price of an Oscar was about $400 in 2011 and $500 in 2009. To compare, an Emmy award was worth $400 in 2009 and a Golden Globe is currently worth around $800.
That’s only taking into account new Oscars. We’re getting back to that whole sentimental value thing.
Some recipients have sold their awards, which go for some hefty prices.
Herman Mankiewicz sold his Oscar for the “Citizen Kane” screenplay in 1941 for $332,165.
In 1950, though, the academy prohibited the sale of the awards for profit. Now, all winners sign an agreement the night of the ceremony that mandates if they want to sell the award, they first have to offer to sell it back to the academy for $1.
Awards given out before 1950, however, are still up for sale if the owner decides to make a little extra money. In 1999, Michael Jackson reportedly spent $1.5 million for producer David O. Selznick’s Oscar that he won for “Gone With the Wind” in 1939.”
Comparing it to the Golden Globes again: Golden Globe winners are free to sell their awards and make between $100,000 and $120,000 in profit.
