Judge rules that Academy can reclaim Oscar for just $10
A los Angeles judge has ruled that a 1940's Oscar statuette that exchanged hands last year for $79,200 can be reclaimed by the Academy for just $10.
The statuette was awarded to to Joseph C Wright for his colour art direction on My Gal Sal in 1942 and was sold by his heirs to auction house Nate D Sanders in 2014.
The Academy attempted to block the sale, stating a 1951 instituted rule that Oscar winners must first offer their statuettes back to the organisation for $10 before putting it up for sale.
The judge ruled that the sale was a violation of the Academy's bylaws involving the sale of Oscar statues.
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