Oscars: Should Winners Be Allowed To Sell Their Awards?

By Mack Rawden 2012-02-24 23:36:47
Anyone who regularly watches the History Channel show Pawn Stars knows how often championship rings are bought and sold. It seems like at least once a season someone comes in looking to peddle symbols of sporting dominance, but the same cannot be said for Academy Awards. In fact, every winner since 1950 has been forced to sign an agreement stipulating the Academy itself will have a chance to purchase any Oscar for $1 should the owner or any of his or her descendents choose to get rid of it. That paperwork has kept public auctions to a minimum, but because the agreements weren’t in effect before 1950, the occasional statue has still found its way onto the market.

According to The Los Angeles Times, fifteen trophies handed out in the ‘30s or ‘40s are known to have been offered for public sale, but on Tuesday, that low figure will double. That’s because a Los Angeles businessman has decided to sell fifteen Oscars he’s purchased over the years. In the past, high profile actors and directors such as Kevin Spacey and Steven Spielberg have stepped forward to outbid others and donate the Oscars back to the Academy, but with estimates suggesting this upcoming week’s sale price could reach four or five million, it’s unclear whether any altruistic man or woman will do the same this time around.

It’s not difficult to understand the Academy’s perspective. Its members feel like the awards should be non-transferable honors, but many observers disagree and think winners should be entitled to do whatever they’d like with the statues. What do you think? Are you happy the Academy has an agreement in place to prevent sales, or do you think the practice is unfair? Let us know by voting in the poll below…

Should Winners Be Allowed To Sell Their Oscars?

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