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TheDay.com - Welles’ Oscar auctioned off for $861,000 | Southeastern Connecticut News, Sports, Weather and Video | The Day newspaper

Welles’ Oscar auctioned off for $861,000

Published 12/25/2011 12:00 AM
Updated 12/23/2011 04:39 PM

The Academy Award statuette that Orson Welles won for the original screenplay of "Citizen Kane" was auctioned for more than $861,000 Tuesday in Los Angeles.

Nate D. Sanders Auctions spokesman Sam Heller said bidders from around the world, including David Copperfield, vied for the Oscar.

The 1942 Oscar was thought to be lost for decades. It surfaced in 1994 when cinematographer Gary Graver tried to sell it. The sale was stopped by Beatrice Welles, Orson's youngest daughter and sole heir.

The auction house declined to release the highest bidder's name. It said only a handful of Academy Awards have sold for nearly a million dollars.

Michael Jackson paid $1.54 million in 1999 for the best picture Oscar awarded to David O. Selznick for "Gone With The Wind."

-Associated Press

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