Fine Autograph and Memorabilia auction dealer Nate Sanders has just sold 15 Academy Award Oscar statues for an astounding
The unprecedented sale of so many Oscars in one auction was reported widely by the media and created quite a controversy withing the entertainment field.
The Academy of Motion Picture Arts and Sciences was not happy with the auction off 15 Oscar statutes from such films as “Citizen Kane,” “Little Women”, and “Wuthering Heights”.
The Academy was unable to stop the sale today Nate D. Sanders Auctions because the statuettes were awarded before 1950, when a “winners agreement” was created that banned the sale of Oscars.
“Oscars should be won, not purchased,” the academy said in a statement, mentioned it had no “legal means of stopping the commoditization of these particular statuettes.”
The auction company expects the total Oscar inventory, which includes Herman Mankiewicz’s Oscar for the 1941 screenplay for “Citizen Kane,” to fetch more than $1 million.
Movie Prop Collectors is waiting to report the totals which were to be available any moment, but the bidding has been extend for another 45 min.
The totals are now in and listed below, courtesy of Nate D. Sanders Auctions.
Here are the lot numbers, descriptions, and prices as they come in:
Lot #17: Best Actor Oscar given to Ronald Colman for the 1947 film, “A Double Life”. $171,875