Do the winners of the Oscars receive money? How much is a statuette worth?

( ) — Undoubtedly the most important award for Hollywood film productions is the delivery of the Oscars.

The Oscars have been held annually since 1929. This year, the 95th Academy Awards will take place on March 12 at the customary Dolby Theater at Hollywood & Highland Center.

Whether large, medium or small productions, the goal is the same: to take home the Oscar. Or is there perhaps a hidden goal behind the scenes, such as an economic incentive?

Do Oscar winners make money?

In reality, the Academy of Motion Picture Arts and Sciences (AMPAS), organizer of the Oscars, does not give any financial incentives to nominees or winners. Thanks to the recognition of the public, they are awards that focus on recognizing artistic and technical achievements.

“Its long-recognized prestige within the motion picture industry has grown over the years because the public recognizes the Oscar as an award based solely on artistic and technical achievement, and because care has been taken to preserve the integrity of the film. of the Oscar symbol”, points out the AMPAS in its official regulations.

However, beyond AMPAS, there is a prize that as such is not cash but can translate into several thousand dollars.

the marketing company Distinctive Assets Since 2003, it has awarded a bag of gifts to the nominees in various Oscar categories, especially those for best actresses and actors, whether leading or supporting. (This company is not related in any way to AMPAS).

How much is a statuette worth?

The Oscar that the winners receive is estimated to be worth around $400.

Does this mean that, if they sell the statuette, they will receive that amount? Or can they get more money? The answer: neither one nor the other.

The AMPAS regulation clearly indicates, in the point 10 of the section “COPYRIGHTS AND TRADEMARKS”that the statuette cannot be sold or disposed of by law “without first offering it to the Academy for the sum of 1 dollar.”

So, for trade, copyright and trademark protection purposes, the oscar is worth $1. Selling the statuette doesn’t seem like such a lucrative business now, does it?