Art News

Oscar Statue from 1940s Fetches $89,625 in Dallas at Heritage Auctions Sale

DALLAS (REUTERS).- If you can’t win an Oscar, why not buy one? That’s exactly what an avid movie buff did when a golden statue from the 1942 Academy Awards went up for auction on Friday. A coveted collectible since Oscars are rarely for sale, the statue fetched $89,625, making it the star of bidding at Heritage Auctions‘ movie and music auction in Dallas. Nearly 800 items were up for bid, including items owned or worn by celebrities such as Elton John, Michael Jackson and Paul Newman, and guitars owned by Elvis Presley. Heritage declined to release the identities of buyers. The company hosts auctions throughout the year, including a recent auction of dinosaur bones and an upcoming John Wayne auction in Los Angeles. The Oscar statue was a rare item to turn up for