This Is How Much An Oscar Statue Is Actually Worth

Photo: Mike Nelson / Epa/REX/Shutterstock.

The buzz in the air this week is only going to get stronger as we approach the 89th Academy Awards. On Sunday, the best and brightest actors will take over the Dolby Theatre in Hollywood in hopes of coming home with one (or more) of the 24 Oscar awards.
While we watch celebs receive their Oscars every year, the statues themselves are shrouded in mystery. We'll probably never get to touch one ourselves, but WalletHub released some helpful trivia so we can at least pretend.
First off, what's it like to actually hold the award? The 24 karat gold-plated Oscar statue is worth $629 and is 13.5 inches tall. At 8.5 pounds, it's no wonder pretty much everyone who receives one is surprised by just how heavy it is.

That's a lot of money and gold for one small statue, but it's nothing compared to the cost of the whole ceremony. The 16,500-square-foot red carpet costs a whopping $30 thousand, which is probably why the show adds up to $42.8 million per year. If you want to attend the after party, it's an additional $119,800 per couple.

However, all this fanfare is worth it. After all, this is the first year that black actors are nominated in every acting category. There were also 683 new members added to the Academy in 2016, making it the most diverse class ever.

We'll have to wait until Sunday to see if more history will be made, but with such an incredible lineup, how could it not?

Photo: Mike Nelson / Epa/REX/Shutterstock.


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