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Oscars For Sale

Oscars For Sale

In today’s New York Times, Heathcliff Rothman profiles the growing and controversial world of auctions for Oscar statuettes. Despite rules and regulations set forth by the Academy, people are actively putting old Oscars on the market to earn as much as $1.5 million in cash. From the complete article:

Needy heirs who own a statuette don’t always have the luxury to debate the pros and cons of selling it. Survival trumps sentiment. “I came to a low point — I needed money to survive and get along on,” Mr. Graver said. There on his mantel, he recalled, stood the “Citizen Kane” Oscar. “And I looked at it, and it dawned on me that the Oscar was worth money, and I felt that after all those years I worked for Orson, for practically little or no money, maybe he would think it was O.K. and I could sell it.”

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