Awards Minute Video: The Oscar statue costs how much?

Meriah Doty
Yahoo! Movies Oscars Blog

The symbol of the Academy Awards, of course, is the Oscar statue. And the acclaimed actors who have won the coveted prize over the years would probably say the trophy is priceless, but how much is the iconic trophy really worth?

The value of the 24-karat gold-plated statue is tied with the price of gold, which is currently about $1,600 per ounce. According to The Hollywood Reporter, that means that each of this year’s 50 statuettes from manufacturer R.S. Owens is worth about $900. That’s a whopping total of $45,000 in Oscar gold for 2013.

Check out the vid to see how the value of the Oscar has changed since the first Academy Awards took place in 1929.

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