It is considered by most to be the most coveted award an entertainer can receive. Because of that, the Academy of Motion Picture Arts and Sciences asks its winners to sign a contract stating the award will remain in their possession. If an entertainer dies and his or her heirs wish to sell the Oscar, they must first offer it to the Academy for $1.00. The Academy always buys the statue and locks it away in a vault. However, the Academy did not instigate this contract until 1951, making all Oscars received before 1951 eligible for sale. When these Oscars … Continue reading →