The main ceremony of the 2023 Oscars will take place today, Sunday, March 12. In the face of this, cinema fans are very excited and eager to know which films will be awarded the prestigious statuette.
Thousands of people consider that this statuette has a very high value on the market, as it is unique and supposedly made of gold, but this trophy is not as expensive as it seems. If you want to know how much money it can cost, then pay close attention to the following lines.
What is the value of an Oscar?
The statuette created by Cedric Gibbons in 1928 and named by the librarian (later director) of the Hollywood Academy of Motion Picture Arts and Sciences weighs 3.85 kg and measures 34 cm. Additionally, this award is made of bronze and not gold, but it is coated with 24-carat gold mineral.
However, despite the fact that the award is coated in gold, the prize is only worth 1 dollar, according to a clause of the Academy.
Since 1950, the Oscar cannot be sold, and each winner signs a clause upon receiving the award in which they are obligated to offer the golden statuette to the Academy of Motion Picture Arts and Sciences for the aforementioned amount.
Oscar 2023: Where and who will host the event?
The Academy of Motion Picture Arts and Sciences announced that the 95th edition of the Oscars will be held at the Dolby Theatre in Los Angeles, United States. The host for this famous event will be comedian and presenter Jimmy Kimmel, who is hosting the ceremony for the third time.
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