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Posted on Tue. Jun. 24, 2014 - 12:30 am EDT

PEOPLE IN THE NEWS

1942 Oscar award fetches over $79,000

EAST GREENWICH, R.I. — A rare auction of an Oscar statuette has brought a total of $79,200.

Nanci Thompson of Briarbrook Auctions in Rhode Island said Monday that amount includes a 20 percent buyer’s premium for the 1942 Oscar awarded to Joseph C. Wright for color art direction in “My Gal Sal,” starring Rita Hayworth.

Thompson did not disclose the buyer but said, “You would recognize the name.”

The Academy of Motion Picture Arts and Sciences doesn’t allow an Oscar to be sold without first offering it back to the academy for $1. But the auction house says that restriction doesn’t apply to awards before 1950.

– Associated Press


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