Oscars 2012: Academy Award should be won, not purchased, says Academy

Oscars 2012: Academy Award should be won, not purchased, says Academy

Oscars organizer 'The Academy of Motion Picture Arts and Sciences' has expressed disapproval of a scheduled auction that will be selling genuine Oscar statuettes.

In total, fifteen Oscars are planned to be auctioned, including those for Citizen Kane, Wuthering Heights and Little Women.

The Academy are unable to stop the sale of these items as they were given before 1950, the year the sale of Oscars was banned, according to The Huffington Post.

The Academy said in a recently-released statement: "Oscars should be won, not purchased."

This auction in question is beng carried out by the Mate D. Sanders Auction house, who estimate their entire Oscar inventory to be worth around $1 million (£630,000).