Cutting These 10 Everyday Expenses in 2014 Will Save You $8,844
How to Perfectly Plan Your Divorce to Protect Your Assets
PNC Bank Review – Overview of PNC Bank Accounts, Loans and More
Here’s Why Bank of America Just Closed Your Credit Card Without Telling You
2014 Academy Award Statue Valued at Just Under $400
Why You Could Start Seeing Your Credit Score on Your Credit Card Bills
How to Host Your Academy Awards Viewing Party on a Budget
Warren Buffett Reveals His No. 1 Investment Strategy That Anyone Can Follow
Your ATM’s OS is a Decade Old: Here’s Why Banks Are Scrambling to Update It
What You Need to Know About Obama’s $3.9 Trillion 2015 Budget
Discover What a Discover Bank Online Savings Account Can Do For You
4 Tips to Cut Your Monthly Bank Fees
Here’s Why One Analyst Says Bank Stocks Are Going to Double
How Ben Bernanke Earned $250,000 in 40 Minutes
Visa and MasterCard Join Forces to Protect Your Card from Hackers
2014 Academy Award Statue Valued at Just Under $400
The 2014 Academy Awards, which take place this Sunday evening, is the night most professionals in the film industry have been preparing for all year. There’s nothing more prestigious within the acting community than winning the coveted Oscar trophy — which many say Matthew McConaughey is sure to do for his lead role in Dallas Buyers Club — but the award is worth more than just bragging rights.

It happens to be a solid investment as well.

How Much is an Oscar Worth?

The Academy Award of Merit, more commonly known as the “Oscar” statue, is the most recognized trophy in the world, presented to top actors and actresses since 1929. The awards ceremony and trophy were created “to honor outstanding moviemaking achievements and thereby encourage excellence in all facets of motion picture production,” according to the Academy of Motion Picture Arts and Sciences website.

The statuette of a knight standing on a reel of film, holding a crusader’s sword was meant to represent majestic achievement. Since the initial awards banquet was held over 80 years ago, more than 2,800 statuettes have been presented, according to the Academy.

So how much is an Oscar worth? It’s hard to estimate the exact cost of the award because of the way it’s created. The statuettes are made from steel alloy britannium, dipped in 24k gold plating.

In 2011, CBS estimated that the award was worth around $400. Of course, gold prices were closer to $1,400 per ounce at the beginning of that year. With prices up to around $1,330 today, one could guess that the 13.5-inch, eight-pound award would be worth a bit less now.

This doesn’t mean that the awards don’t gain greater value at a later date. For instance, Joan Crawford’s Oscar award for her performance in “Mildred Pierce” was auctioned off in 2012 for $426,732.

However, well before awards are ever auctioned off, the greatest benefit Academy Award winners receive is the recognition behind their win.

Talent agents have estimated that clients average a 20-percent jump in pay with their next film after winning the award for Best Actor/Actress. That type of payoff is exactly what makes the Oscar award more than valuable — it’s priceless!

Hey Ladies: Don’t Miss Out on the Broke Boyfriend Tax Exemption
3 Ways to Fix Your Finances in One Hour for Daylight Saving Time
IRS Reports This Year’s Average Tax Refund is $3,034
How to Start Saving Money for Your Baby’s College Education
How to Find Free Tax Preparation in Your City
IRS Wants to Pay You $25,000 for Saving Your Tax Return
5 Secrets Your Bank Doesn’t Want You to Know
How to Handle the 5 Most Awkward Money Situations
4 Tips to Cut Your Monthly Phone and Cable Bills
Stop Wasting Money Because You Won’t Admit You’re Old
Amazon Prime Price Hike: Is It Worth It?
10 Tips for Winning Your March Madness Bracket and Some Extra Cash
I Lost My W-2! What Should I Do?
4 Cheap, Fun Ways to Celebrate St. Patrick’s Day
What Four Leaf Clovers and Interest Rates Today Have in Common


Visit Statistics