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| Academy unhappy but helpless to stop Oscar auction |
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An Oscar statue under a sheet of protective plastic stands on the red carpet outside the Kodak Theatre as preparations continue for the 84th Academy Awards in Los Angeles on Saturday, Feb. 25, 2012. The Oscars will be held on Sunday. AP Photo/Amy Sancetta.
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BEVERLY HILLS (AP).- The Academy of Motion Picture Arts and Sciences is not pleased with plans to auction off 15 Oscar statuettes from such films as "Citizen Kane," ''Wuthering Heights" and "Little Women."
But the academy says its hands are tied in blocking the Tuesday sale by Nate D. Sanders Auctions because the statuettes were awarded prior to 1950, when a "winners agreement" was instituted banning the sale of Oscars.
"Oscars should be won, not purchased," the academy said in a statement, adding that it had no "legal means of stopping the commoditization of these particular statuettes."
The Sanders Co. expects its total Oscar inventory, which includes Herman Mankiewicz's 1941 screenplay award for "Citizen Kane," to command more than $1 million.
Copyright 2012 The Associated Press.
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Today's News
February 26, 2012
Exhibition in Bonn features the journeys August Macke undertook during his brief life
Exhibition of the largest single collection of 13th century Mongolian artifacts opens at the Field Museum
MoMA presents exhibition covering Cindy Sherman's career, from the 1970s to the present
Unprecedented imaging project supported by the Getty reveals master work in minute detail-online
The Ashmolean Museum campaigns to save a masterpiece by Edouard Manet for the nation
New York City's Hispanic Society of America, which holds a world-class collection, seeks to make itself known
LACMA to begin transport of boulder for major artwork, Levitated Mass, by artist Michael Heizer
Designers Miuccia Prada, Elsa Schiaparelli in new Metropolitan Museum of Art exhibit
On the 210th anniversary of Victor Hugo's birth, Christie's announces the sale of the Hugo Collection
Phillips de Pury & Co. announces highlights from its New York photographs single owner sale
Florida museum auctions off antique cars, carousel, bringing in $38.3 million in sales
Baryshnikov shows his dance photography at the Gary Nader Art Centre in Miami
Bonhams to sell pistols of aide-de-camp to King George III, a veteran of American War of Independence
Poland, US museum tussle over Auschwitz barracks
Claim surfaces of Anne Frank baptism by Mormons
Andrea Galvani's first solo exhibition with Meulensteen opens in New York
"Painting Air: Spencer Finch" opens at the Museum of Art Rhode Island School of Design
Time is out of joint: Photography 1966-2011 by Boris Mikhailov on view at Berlinische Galerie
Academy unhappy but helpless to stop Oscar auction
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