Have you ever wondered why the Oscars statuette is the most recognized trophy in the world? So here are some details for you to know what are the facts behind it.
The Academy Awards, also known as the Oscars. Is presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) since 1929. The golden Oscar trophy, which is awarded to winners in various categories, is one of the most recognizable and prestigious symbols of achievement in the film industry.
The design of the Oscar trophy is credited to Cedric Gibbons. An art director at MGM Studios, and sculptor George Stanley. The trophy is made of gold-plated bronze, stands 13.5 inches tall, and weighs 8.5 pounds. The figure on the trophy is a knight holding a crusader’s sword, standing on a reel of film with five spokes. It represents the original branches of the Academy: actors, directors, producers, technicians, and writers.
About the value of the Oscars trophy
Talking about the value of the Oscar trophy. It is actually priceless in terms of its symbolic value and the honor it represents. However, according to the rules of the Academy, winners who wish to sell their Oscar trophies must first offer them to the Academy for the sum of $1. This rule is in place to prevent winners from profiting from their awards. And to preserve the integrity of the Oscars as a recognition of artistic achievement rather than a commodity.
The golden Oscar trophy was designed by Cedric Gibbons and George Stanley. And its symbolic value far outweighs any monetary value it may have. The rule requiring winners to offer their trophies to the Academy for $1 is to ensure the integrity of the Oscars as a recognition of artistic achievement.