Orson Welles' Oscar For 'Citizen Kane' Sells For $861,000!

http://insidemovies.ew.com/2011/12/21/orson-welles-oscar-citizen-kane-auction/

The Academy Award statuette that Orson Welles won for the original screenplay of Citizen Kane was auctioned for more than $861,000 Tuesday in Los Angeles.

Nate D. Sanders Auctions spokesman Sam Heller said bidders from around the world, including David Copperfield, vied for the Oscar.

The 1942 Oscar was thought to be lost for decades. It surfaced in 1994 when cinematographer Gary Graver tried to sell it. The sale was stopped by Beatrice Welles, Orson’s youngest daughter and sole heir.

Copperfield, who was outbid in the auction, said he admires Welles not only for his cinematic successes, but because he, too, was a magician. Welles hosted Copperfield’s first television special.

The auction house declined to release the highest bidder’s name.

It said only a handful of Academy Awards have sold for nearly a million dollars, including the best picture Oscar awarded to David O. Selznick for Gone With The Wind, which Michael Jackson purchased for $1.54 million in 1999.

thats a lot of money. didnt know he was a magician as well.

Yeah it is a lot of money but for the rich is must not be that much.

Buying an Oscar is really hard considering most people sign the waiver saying they will never sell their award.

I always thought that it was mandatory [it may be today so maybe this guy wasn't forced] but regardless it was sold.

Would be an awesome piece of memorabilia.

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