Sale of Os­cars rakes in cash

Wales On Sunday - - NEWS -

AN ACADEMY Award tro­phy has sold for nearly $500,000 and a sec­ond for more than $200,000 in a rare auc­tion of Os­cars in Los An­ge­les.

A best-pic­ture Os­car for Gen­tle­man’s Agree­ment, the 1947 film star­ring Gre­gory Peck, sold for $492,000 (£390,850), while a best pic­ture stat­uette for 1935’s Mutiny On The Bounty fetched $240,000 (£190,650).

Both were out­paced by an ar­chive of pa­pers on the ori­gin and devel­op­ment of The Wizard Of Oz that brought in $1.2m (£950,000).

Auc­tion house Pro­files In His­tory an­nounced the re­sults af­ter four days of bid­ding on Hol­ly­wood mem­o­ra­bilia that brought in more than $8m (£6.3m) in to­tal.

Other items which were sold in­clude a TIE fighter hel­met from the orig­i­nal Star Wars film that went for $240,000, a Phaser pis­tol from the orig­i­nal Star Trek TV se­ries that fetched $192,000 (£152,500), the hover board that Marty McFly rode in Back To The Fu­ture II that sold for $102,000 (£81,000) and a golden ticket from Willy Wonka & The Cho­co­late Fac­tory that brought in $48,000 (£38,100) at the sale.

The Mutiny On The Bounty Os­car price came close to auc­tion-house pro­jec­tions, but the Gen­tle­man’s Agree­ment stat­uette brought in more than twice what was ex­pected.

The buyers of both Os­cars and the Wizard Of Oz doc­u­ment chose to re­main anony­mous.

Auc­tions of Os­car stat­uettes are very un­com­mon be­cause win­ners from 1951 on­ward have had to agree that they or their heirs must of­fer it back to the Academy of Mo­tion Pic­ture Arts and Sci­ences for $1 be­fore sell­ing it else­where.

The academy has said it firmly be­lieves Os­cars should be won, not bought.

Nei­ther of the Os­cars sold this week ap­proached the record of $1.5m (£1.19m) which was paid by Michael Jack­son to ac­quire David O Selznick’s Gone With The Wind Os­car in 1999.

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