An Oscar statuette from 1942 fetched nearly $80,000 at a recent auction in Rhode Island. As reported by The Associated Press, the auction house previously expected that the trophy would be sold at $5,000 to $30,000, but it finally went to a buyer at $79,200 on Monday, June 23.
The statuette went to Joseph C. Wright at the 15th Academy Awards. He was honored with the trophy for his color art direction in “My Gal Sal”.
The 13-inch statue, which weighs around 6 pounds, went to Wright’s nephew when he died in 1985 at the age of 92 in California.
The Academy previously investigated the sale of the statue. Their rule states that starting from 1950 the Oscar winners or their heirs are not allowed to sell the trophies without first offering them back to the Academy for $1.

