Thursday, February 28, 2013

Golden Oscars not all that but

The Oscar statuettes, officially dubbed the Academy Award of Merit, stand 34.3 cm (13.5 inches) tall, and each weighs about 3.8 kg (8.5 pounds). They have a 24-karat gold plating on their surface 0.5 microns thick.

Beneath the gold, the statuette's interior is a metal called Britannium. It is an alloy of tin (93 percent), antimony (5 percent), and copper (2 percent). It's known for its smooth texture and silvery appearance.

Approximate value of the contents of a current Oscar is less than $ 400, however, each statuette is hand crafted and takes 12 people 20 hours to complete.

Since 1950, the statuettes have been legally encumbered by the requirement that neither winners nor their heirs may sell the statuettes without first offering to sell them back to the Academy for US$1

Oscars that were awarded before 1950 are available. Steven Spielberg spent $578,000 on the Oscar Bette Davis won for her performance in Jezebel. Spielberg was on a goodwill mission — he gave the Oscar back to the Academy.

Spielberg also bought Clark Gable's Oscar for It Happened One Night and returned it to the Academy. He paid a very cool $607,500.