Art News

Orson Welles Oscar sells for $861,000 at Nate D. Sanders

LOS ANGELES, CA.- One of the most magical pieces of movie memorabilia, Orson Welles’ Academy Award for Citizen Kane was sold by Nate D. Sanders for $861,542, which includes the buyer’s premium. Welles received this Award for Best Original Screenplay, which was, incredibly, the only Oscar that either Citizen Kane or Orson Welles received. In an exciting auction that included David Copperfield and bidders from around the world, 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 opusCitizen Kane. I’m proud to have represented this fantastic Award to the cinema collec