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Thursday, 1 March 2012 - Auction of Oscar statuettes brings in $3 million |
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Los Angeles auctioneer Nate D. Sanders said the hot seller of the collection was Herman Mankiewicz's statuette for best screenplay, which he won for co-writing the 1941 film "Citizen Kane" with Orson Welles. The Oscar sold for $588,455. Welles' own best screenplay Oscar for the movie, which both the American and British film institutes list as the best picture ever made, fetched $861,542 at an earlier Sanders auction in December. "People continue to be drawn to the magic of the movies and were extremely enthusiastic bidding on the Oscars, which accounted for the high demand and sales prices," Sanders said in a statement. Other statuettes that pulled in high sums included the 1933 best picture award for the drama "Cavalcade," which brought in $332,165, while the oldest statuette in the collection, the 1931 best picture award for "Skippy," netted the third highest total. It sold for $301,973. An Oscar given to Charles Coburn in 1943 for best supporting actor in "The More the Merrier" held special significance as the first statuette ever awarded in the best supporting actor category. It went for $170,459. Prior to 1943, winners of the best supporting actor category received awards mounted on plaques. The identities of the main buyers at the auction were not revealed. The $3 million generated by the auction was the most ever made for a sale by bid of Oscars, and it was the most statuettes ever put up for auction in a single event, said Laura Yntema, spokeswoman for the auction house. The auction house had anticipated the sale would bring in $2 million. The auction for the 15 statuettes went live online in mid-February and the sale ended on Tuesday. Bidding continued on Sunday, when the 84th annual Academy Awards were held and French romantic comedy "The Artist" won the top prize of best picture. Oscars are increasingly rare finds at auction. The Academy of Motion Picture Arts and Sciences introduced an agreement in 1950 that banned winners from selling their Oscars to anyone but the Academy for the nominal sum of $1. The best picture Oscar for the 1939 film "Gone With the Wind" was sold to singer Michael Jackson in 1999 for a record $1.54 million. (Reporting By Piya Sinha-Roy: Editing by Alex Dobuzinskis and Cynthia Johnston) Entertainment Fashion Tweet this Link this Share this Digg this Email Reprints Entertainment News From the Wrap Hollywood Buzzing As Christopher Nolan Dumps CAA After His Agent Is Fired 1:18am EST Rival agencies circle "Dark Knight" director Christopher Nolan after he leaves CAA following the firing of his long-time agent Dan Aloni Martin Bashir a 'Work in Progress': From Princess Diana and Michael Jackson to MSNBC 29 Feb 2012 Martin Bashir, MSNBC's host at 3 p.m., is adapting to a brand new life -- at home and at work Dane Cook Takes a Spin at DJ Pilot For NBC 12:16am EST "Good Luck Chuck" star Dane Cook will play a brash, alpha-male radio personality who's paired with a feminist co-host for NBC pilot Brett Butler to Join Fellow Chuck Lorre Foe Charlie Sheen on 'Anger Management' 29 Feb 2012 Former "Grace Under Fire" star Brett Butler, who had her own showdown with Lorre, is in final negotiations to play a bartender on the FX series   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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