Agency.Its a dream of almost every person on this planet who is involved in making a movie to hold beautiful Oscar trophy in their hand once in their lifespan. Oscar is considered as the coveted trophy in the world of entertainment. But the value of Oscar trophy is only USD 10.
According to Entertainment Weekly, as per established rule the trophy must be first offered to the Academy of Motion Picture Arts and Sciences for USD 10 before it can be put up for auction. Though,the actual costs of Oscar statue is USD 400.
Oscar-winner Steven Spielberg is also one of the suppoprters of this rule and he had spent USD 1.36 milllion on Oscars belonging to Bette Davis and Clark Gable only to donate them back to the Academy.
The rule was also upheld in a court ruling in 2015.