ACADEMY SUES OVER AUCTIONED OSCAR

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V17 2014 INDEX E-SYLUM ARCHIVE

The E-Sylum: Volume 17, Number 28, July 6, 2014, Article 28

ACADEMY SUES OVER AUCTIONED OSCAR

This is non-numismatic, but a topic we've touched on before. It relates to the issue of U.S. Military medals such as the Purple Heart being illegal to sell. The article discusses a lawsuit over the recent sale of an Oscar statuette. -Editor

The organization that hosts the Academy Awards has sued over the recent auction of a 1942 Oscar awarded to the art director of "My Gal Sal" and is seeking to buy back the statuette for $10.

The Academy of Motion Picture Arts and Sciences filed the lawsuit Tuesday in Los Angeles County Superior Court against Rhode Island-based Briarbrook Auction Services.

Briarbrook sold the Oscar for $79,200 on June 24. "My Gal Sal" starred Rita Hayworth, and the art direction award to Joseph Wright was its only Academy Award win.

The academy adopted a rule in 1951 prohibiting winners or their heirs from selling Oscars. It is seeking an order requiring Briarbrook to sell it the Oscar for $10 in accordance with the academy bylaws.

Briarbrook owner Nanci Thompon said she has not seen the suit. But she noted that Wright's Oscar predated the academy's sales prohibition and said her company was careful before offering it for sale.

To read the complete article, see: Academy sues over auctioned Oscar statuette (news.yahoo.com/academy-sues-over-auctioned-oscar-statuette-195118433.html)

THE BOOK BAZARRE

BE PART OF SOMETHING HUGE! The first two volumes of the new Whitman Encyclopedia of Obsolete Paper Money debuted at the Memphis International Paper Money Show. Volume 1 is an introduction for the collector and historian; volume 2 covers Connecticut, Maine, and New Hampshire. New volumes are in the works! If you collect New England, the Southern states, the Midwest, the Mid-Atlantic, or territories, contact Dennis Tucker at obsoletes@whitman.com to join Whitman’s pricing panels, share photos, review histories, or otherwise volunteer for this monumental project.

Wayne Homren, Editor

The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.

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