Orson Welles’ “Citizen Kane” Oscar to Fetch $1mn

After paintings, artwork, statues, its now awards that form the queue. The Oscar won by Orson Welles from the Academy of Motion Picture Arts and Sciences for best Screenplay for Citizen Kane is expected to fetch $800,000 and $1.2 million at a scheduled Sotheby’s auction on 11 December. The deserving value invited by award is significantly because of its status of being the 1941 classic. The Dax Foundation, a Los Angeles-based non-profit group that supports various educational, health and other groups aiding people and animals is putting the award to auction.

Welles had no fears while filmmaking and with sovereignty; he delivered the movie that is a milestone in itself. The auctioneer believes the price of the Oscar is unpredictable as only handful of such commodities hit the market. If one back to history, then the Oscar bagged by Gone With the Wind in 1999 for the supreme picture that generated around $1.5 million. The movie plot was weaved around a power-hungry newspaper mogul with political objectives and is till date the most decisively acclaimed films of all time.


Orson Welles

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