Film Festival Today

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Oscar For Orson Welles Sold At Auction

Written by: FFT Webmaster | January 6th, 2012

One of the most magical pieces of movie memorabilia, Orson Welles’ Best Original Screenplay Academy Award for the film classic CITIZEN KANE was recently sold by the Los Angeles auction house Nate B. Sanders. The final price of the sale was $861,542. Incredibly, this is the only Oscar that Welles or the film ever received. The Orson Welles Oscar – thought to be lost for decades – achieves the distinction of being one of only a handful of Academy Awards that have sold for nearly a million dollars. The sale has turned heads in the auction community, as Sotheby’s failed to sell this same Oscar in 2007. Auction house owner Nate D. Sanders said, “This is a testament to the popularity of Orson Welles and his magnum opus CITIZEN KANE. I’m proud to have represented this fantastic Award to the cinema collecting community.”

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