A Los Angeles auction house sold a collection of 15 Oscar statuettes for more than $3 million (€2.23 million), two days after this year’s Academy Awards show, organisers said.

People continue to be drawn to the magic of the movies and were extremely enthusiastic bidding on the Oscars...

The gold-plated prizes, sold despite an official protest by Oscars organisers, included a best screenplay Academy Award for the iconic movie Citizen Kane, given to Herman Mankiewicz in 1941.

Los Angeles auction house Nate D. Sanders sold the Oscar, which went for $588,455 (€437,045), the highest price for a single statuette. In all the sale earned $3,060,089 (€2,272,728) including the buyer’s premium.

The 1933 best picture Oscar, awarded to Cavalcade, went for the second highest total, selling for $332,165 (€246,698), while the 1931 best picture Oscar for Skippy, the oldest sold, went for $301,973 (€224,275).

The 1941 best picture Oscar for How Green Was My Valley went for $274,520 (€203,885).

“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,” said auctioneer Sanders. The Academy of Motion Picture Arts and Sciences, which organises the Oscars, had condemned the sale.

“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 an Academy statement cited by the LA Times.

“Unfortunately, because our winners’ agreement wasn’t instituted until 1950, we don’t have any legal means of stopping the commoditisation of these particular statuettes,” it added.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.