Since 1951, Academy Award winners have been forbidden from selling or giving away their golden trophies.
Winning an Academy Award is often considered the most prestigious honor you can receive in Hollywood.money on their next project. But although taking home the top prize in one of the top acting categories can be career-changing, the trophy itself is worth less than a cup of coffee.
That's because the Academy of Motion Picture Arts and Sciences, which gives out the Oscars, has strict rules in place to prevent winners from profiting off of the sale of their trophies., winners are not allowed to"sell or otherwise dispose of the Oscar statuette ... without first offering to sell it to the Academy for the sum of $1."
And if an Oscar winner dies and passes their award down to their children, those heirs must also abide to the same rules and cannot sell or give away the statuette. These rules were first introduced in 1951, and are in place to"preserve the integrity of the Oscar symbol," the Academy says in its materials.
Oscars that were awarded prior to the introduction of the rule are technically fair game for collectors. In 1999,
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