And why are the Academy Awards referred to as The Oscars?
Nominations were announced on January 23, with a nominees' luncheon then taking place on February 12. Jimmy Kimmel, who oversaw the 2023 awards, will return to his role as host for 2024.READ MORE: Oscars 2024 nominations and how to watch for free in the UK According to Britannica, there are three possible sources. Actress Bette Davis once claimed it had come from her observation that the statuette's backside looked like that of her husband Harmon Oscar Nelson.
Elsewhere columnist Sidney Skolsky maintains that he gave the award its nickname, and it has also been attributed to academy librarian Margaret Herrick, who said the award looked like her Uncle Oscar. While the awards appear to be made of solid gold, they are actually constructed from solid bronze, before being plated in 24-karat gold. Each statuette is rumoured to be worth $400 , but this is not actually the case.
In 2015, a Los Angeles judge ruled that an Oscar statuette won in 1942 by Joseph C Wright for Best Art Direction in the Rita Hayworth musical My Gal Sal – which was previously sold for $79,200 – could be reclaimed by the Academy for $10 , as reported by the Independent. And a few years ago a new rule was put in place so that anyone who has an Oscar and wishes to sell it must first offer it back to the Academy for $1, or around 78p.
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