Oscar Awards 2020: Did You Know That The Oscar Trophy Is Worth Only Rs 70?

Ahead of the highly-awaited Oscars 2020, here’s an interesting fact about the coveted golden trophy that will make your jaws drop on the floor!

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Oscar Awards 2020: Did You Know That The Oscar Trophy Is Worth Only Rs 70?
The latest edition of the world’s most awaited and celebrated award ceremonies - Academy Awards, popularly known as Oscars – is just a few hours away. Needless to say, fans’ excitement is at its peak and one can’t wait for all the entertainment, drama and fashion to unfold at the red carpet, as well as the stage. Well, it goes without saying that winning a highly-coveted golden Oscars trophy is one of the best honours a celebrity can earn but, well, did you know that the statuette costs only rupees 1 dollar? Yes!

As per the strict rules and regulations by the Academy of Motion Picture Arts and Sciences, which hosts and coordinates the award ceremony every year, winners cannot sell their Oscar trophies without first offering to sell it back to the Academy for $ 1, which then beings the value of an Oscar to a mere $1. This regulation also applies to the family members of Oscar winners, who have passed away. The winner cannot sell the trophy to anyone or anywhere else except for the official Academy organisation. Surprising, isn’t it? (ALSO READ - Oscars 2020: Date, India Start Time, Where To Watch, Repeat Telecast And Complete Nomination List)

Talking about the statuettes, they are dense, 13.5 inches and weigh 8.5 pounds, which is equivalent to a newborn baby. They are usually just gold-plated, the beneath of which is bronze and not gold. Every year, crores are spent in making a trophy that every star wishes to have in his/her drawing-room, but only the best ones receive. On that note, we can’t for the big night already!

Stay glued to this space for all the live updates on Oscars 2020.

Image source: ahoramismo, Instagram/theacademy
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