Two Academy Awards for Best Picture are up for auction in Los Angeles in December 2018.
Auctioneers, Profiles in History , have the 1936 Oscar for MUTINY ON THE BOUNTY and the 1948 Oscar for GENTLEMAN’S AGREEMENT for sale.
Prices expect to be $200,000 to $300,000 for the Bounty statuette and $150,000 to $200,000 for the 1948 award.
Frank Capra presents the Mutiny On The Bounty Oscar to MGM’s Irving Thalberg.
Darryl Zanuck with the Oscar for “Gentleman’s Agreement.”
It’s possible to look at the auction catalogue at profilesinhistory.com
It’s amazing that there is so much classic Hollywood memorabilia still out there.
Like, for instance, Garbo’s Adrian-designed coronation cape from QUEEN CHRISTINA, or Margaret Hamilton’s Wicked Witch of the West’s hat, or Gloria Swanson’ s Norma Desmond evening jacket.
Plus hundreds of photos, scripts, autographs, letters.
Deep pockets are required.
Like the ruby slippers, there wasnt just one black hat – at least three were made. One sold for $200,000 in 2010.
Sales of the Oscar statuette are relatively rare. Winners , or their heirs , from 1951 onwards have to agree to offer and sell back their Oscar to the Academy of Motion Picture Arts and Sciences for $1.
And just a reminder of the prices paid at auction for other Hollywood iconic pieces.
Bert Lahr’s Cowardly Lion costume sold for $3 million in 2014.
One of the Falcons made for THE MALTESE FALCON went for $4 million in 2013.
The much valued Transit Papers from CASABLANCA sold for $118,000 in 2014.
Rick examines the transit papers which would allow the bearer to travel without surveillance or interference.
The sale of Robby the Robot from FORBIDDEN PLANET at $5 million in 2017 made it the most expensive prop ever sold at auction.
And an example of how Hollywood memorabilia can increase in value.
The Best Picture Oscar for HOW GREEN WAS MY VALLEY sold for $95,000 in 2004, and was later sold in 2012 for $274,000.