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Academy to reclaim auctioned Oscar for $10
http://www.usatoday.com/story/life/2...ight/31566879/
Anthony McCartney , Associated Press
LOS ANGELES — An agreement approved by a judge will allow the Academy of Motion Pictures Arts and Sciences to pay $10 to reclaim a 1940s-era Oscar statuette that was auctioned last year without its permission.
The amount is a fraction of the $79,200 paid by a Los Angeles-based auction house for Joseph Wright's Academy Award for color art direction of the 1942 film My Gal Sal.
Superior Court Judge Gail Ruderman Feuer approved an agreement between the academy and auction house Nate D. Sanders on Tuesday after more than year of litigation. The academy sued a Rhode Island auction firm that sold the Wright Oscar to Nate D. Sanders in June 2014, arguing its bylaws prevented the sale.