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Putting Oscar on the block 


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LOS ANGELES (AP) — ‘Tis the season when many stars are preparing for months-long campaigns with the distant hope of bringing home an Academy Award come February.
But winning isn’t the only way to snag one of the coveted statuettes. Enthusiastic collectors with several hundred thousand to spare can achieve Oscar glory at the right auction house. And they could do it next as soon as the weekend.
The latest prize to go under the hammer is James Cagney’s 1942 best actor Oscar for his role in “Yankee Doodle Dandy.” Auctioneer Nate D. Sanders has required an $800,000 minimum bid for the trophy, which they predict could sell for upward of $1 million by the time the auction closes.
“It’s the most prestigious Oscar to hit the market in recent years,” said Sam Heller, a representative of Nate D. Sanders. For one, he notes, there have only been three best actor Oscar available in two decades.
The scarcity of Oscars for purchase isn’t an accident. Historically, the Academy of Motion Picture Arts and Sciences has not looked kindly on the free market sale of the prize.


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