TMI (Today’s Movie Info)
Oscar trivia
Oscar winners don’t really own their statues. Upon being presented with their award, winners must sign an agreement stating that should they wish to sell their statuettes, they must first offer them to the Academy for $1.00 If they refuse to sign, they cannot keep their trophy. The rule has been in effect since 1950, which means that older statues do sometimes appear on the open market. If you feel like bidding, be prepared to pay a lot more than $1.00, though: Steven Speielberg bought Bette Davis’ Oscar for $578,000 in 2001 and donated it back to the Academy, and Michael Jackson paid over a million dollars for David O Selznick’s award in 1999.