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Citizen Kane Oscar

December 22, 2011 by staff 

Citizen Kane OscarCitizen Kane Oscar, The Oscar statuette given to Orson Welles 70 years ago for his critically acclaimed movie “Citizen Kane” has sold at auction for nearly $900,000, organizers said.

Magician David Copperfield was among those clamoring for the golden trophy, but he was the runner-up bidder for the Oscar, which sold to an undisclosed buyer for $861,542, Los Angeles auctioneer Nate D Sanders said.

The slightly tarnished Oscar for 1941 best screenplay is one of just a handful of illustrious Academy Award statues to sell for near the million-dollar mark.

“This is a testament to the popularity of Orson Welles and his magnum opus ‘Citizen Kane.’ I’m proud to have represented this fantastic award to the cinema collecting community,” Sanders said in a statement late Tuesday.

The statuette had failed to find a buyer when offered for sale in New York four years ago.

“Welles received this award for best original screenplay, which was, incredibly, the only Oscar that either ‘Citizen Kane’ or Orson Welles received,” the auctioneer said.

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