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"Citizen Kane" Oscar returns

Reuters 2011-12-14

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The story of this recovered Oscar statuette is as dramatic as the tale it told.
It's the one and only Academy Award given to Orson Welles for "Citizen Kane".
The Oscar was for the Best Screenplay of 1942, of what many critics consider to be the best film of all time.
The award has been recovered and after some hairy twists and turns to the tale, is now being sold at auction.
Auctioneer Nate D. Sanders talks about how much it's worth.
SOUNDBITE: Nate D. Sanders, saying (English):
"The Oscar statue has been appraised at a million to two million dollars (USD) but we think it's going to bring at least 600,000 dollars and it's very valuable because it's the only Oscar that "Citizen Kane" ever was awarded -- that Orson Welles was awarded."
He also talks about the history behind the Academy Award, found by Welles' daughter.
SOUNDBITE: Nate D. Sanders, saying (English):
"The Oscar was actually lost for more than half a century and then in the 1990's someone found the Oscar and Beatrice Welles (ORSON WELLES' DAUGHTER) claimed it as a relative of Orson Welles, then the Academy (AMPAS) sued Beatrice Welles saying that they owned the Oscar -- of course they didn't -- and they lost the court case and Beatrice was given full permission to sell the Oscar."
The statue was first up for auction at Sotheby's in 2007, but failed to make it's one million dollar estimate.
Audiences can find out whether this story will have a Hollywood ending when the Oscar goes up for auction on December 20.
Cindy Martin, Reuters

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