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Actress Norma Shearer's 1930 Oscar sold at auction for $180,000

Published 2015-09-30, 08:18 p/m
Actress Norma Shearer's 1930 Oscar sold at auction for $180,000

LOS ANGELES, Sept 30 (Reuters) - An Oscar statuette awarded
to actress Norma Shearer in 1930 sold on Wednesday for $180,000
in a rare sale of an Academy Awards trophy.
The Oscar that recognized Shearer's role in "The Divorcee"
was put up for auction by her estate. It sold along with the
cinematography prize for a 1928 film, "White Shadows in the
South Seas," that also fetched $180,000.
Oscars rarely come up for auction because since 1950, the
Academy of Motion Picture Arts and Sciences, host of the Academy
Awards, has required that winners, their heirs or estates not
sell one without first offering it to the Academy for $1.
The 88-year-old organization has recently attempted to keep
ownership rights to trophies awarded before 1950. Last year, the
estate of actress Joan Fontaine withdrew her Oscar from a
much-anticipated auction when the Academy threatened to sue over
its sale.
And in July, a Los Angeles Superior Court Judge ruled that
the Academy could apply its rule to a 1943 statuette that had
been sold at auction, because its winner, art director Joseph
Wright, remained an Academy member past 1951.
The Academy did not respond to a request for comment on
Wednesday's auction, conducted in Hollywood by auctioneer
Profiles in History.
The Canadian-born Shearer, best known for such films as
"Marie Antoinette" and "The Women," was nominated for five other
roles as Best Actress, cementing her fame as a Hollywood star
through the 1930s. She died in 1983.

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