Loading ...
After talking about the incentive to win a gold medal at the Olympics, and the bonus received by players winning the Super Bowl, it seems timely and fitting to talk about the Oscars.
So how much is the Oscar statuette actually worth? Some Oscars awarded before 1950 cost in the 6 figures and the going price depends on who won them. Michael Jackson paid the highest amount for an Oscar – Over $1 million – for the Best Film Oscar awarded to producer David O. Selznick for Gone With the Wind.
It is not allowed to purchase an Oscar awarded after 1950… and they are numbered to make sure they don’t get sold. The Academy makes all winning celebrities sign an agreement that if they want to sell theirs, the Academy will buy it back for $1.
But what does it cost to actually manufacture the golden statue? According to this site, based on the current price of the gold if melted down, each Oscar is worth about $500. But if you can’t afford gold platting, a replica can also be purchased on Ebay from $15 to $60.
So obviously, winning the Oscar is more about the honor that comes with it… after all, it is the most coveted award in the film industry! And of course there are the other financial benefits derived from increased box office sales and DVD sales for the winners…
Are there any agents looking for a consultant with a French accent to play a major role in an upcoming motion picture?
0 Responses to “How Much is an Oscar Worth?”
Leave a Reply