Citizen Kane Oscar fail to Sell at Auction
Published December 11th, 2007
Orson Welles’s 13-inch, gold-plated Oscar statue, awarded for the best original screenplay of 1941 for Citizen Kane,’ failed to sell at a Sotheby’s auction in New York, it failed to attract a single bidder.
The Academy Award statue, with a worn gold finish from years of handling, was expected to go for $800,000 to $1.2 million. The seller was the Dax Foundation, a Los Angeles-based charity, which had planned to use the proceeds to support its philanthropic causes.
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