X

Want an Oscar? Try Buying One

15 up for auction next week, and the academy is not happy
By Tim Karan,  Newser Staff
Posted Feb 25, 2012 12:51 PM CST

(Newser) – Face it, Taylor Lautner: This is your only chance. Fifteen Oscar statuettes will be auctioned Tuesday in the largest such sale ever, says the Los Angeles Times, and bids during the online and telephone event are expected to reach up to $4 million. All of the awards currently belong to one man identified only as an LA businessman with ties to the entertainment industry.

story continues below

The statuettes from films like Citizen Kane and Wuthering Heights are all from before 1950, when the Academy of Motion Picture Arts and Sciences started making winners sign contracts saying neither they nor their family would sell the award without first offering it back for $1. Obviously, the academy is less than pleased with the upcoming auction. "The academy, its members and the many film artists and craftspeople who've won Academy Awards believe strongly that Oscars should be won, not purchased," said a spokeswoman. (Read more Oscars stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X