Monday, February 16, 2009
NDTVMovies.com

The Oscar won by Welles and Herman J Mankiewicz for Citizen Kane in 1941 landed up in the hands of The Dax Foundation, a Los Angeles-based non-profit group.

The Oscar is seen as the ultimate symbol of achievement for all movie buffs across the world. Thus, when the foundation decided to cash in its prized possession, there started a full-blown debate on whether selling the Oscar was justified or not. The Academy and the people running the Oscars were particularly unhappy with the idea.

Interestingly, when the selling actually took place at the Sotheby's auction, no bid exceeded the reserved price and the statuette failed to sell!