Academy of Motion Picture Arts and Sciences.
professional honorary organization
Oscar statuette costs $400, but winners can't just sell it
Oscars blend prestige with mystery and controversy, evolving from a modest 1929 ceremony into a billion-dollar industry underpinned by fierce campaigns and opaque traditions. Across articles, the statuette's value is largely symbolic: about $400 to make, with tens of millions spent on campaigns, and post-1951 winners must offer the statue to the Academy for $1 before disposal.
Entertainment · 5 sources · Sep 2, 2026Read itThe journal
Open the journal →The conversation starts in the journal — be the first to post.
About Academy of Motion Picture Arts and Sciences
The Academy of Motion Picture Arts and Sciences is a professional honorary organization in Beverly Hills, California, U.S., with the stated goal of advancing the arts and sciences of motion pictures. The Academy's corporate management and general policies are overseen by a board of governors, which includes representatives from each of the craft branches.
Everything about Academy of Motion Picture Arts and Sciences →- Country
- United States
- Headquarters
- Beverly Hills
- Inception
- May 11, 1927
- Website
- https://oscars.org