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Orson Welles ‘Citizen Kane’ Replacement Oscar Sells For $645,000, But Is It Legal? Academy Says It Will Look Into Auction

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EXCLUSIVE: The hammer just went down over the weekend on the one and only Oscar win for Citizen Kane, a 1941 movie many still consider the crown jewel of Hollywood, the greatest ever made.

In a Heritage Auctioneers “Hollywood Entertainment” auction that among many other items featured several from the career of Kane’s star, director and co-writer Orson Welles, the prize get was his 1941 Oscar for Original Screenplay that he shared with Herman Mankiewicz.

Of the film’s nine nominations including Picture, Director and Actor for Welles, it was the single victory for the movie (How Green Was My Valley won Best Picture).

The Welles statuette had a starting bid of $250,000 and sold to an unknown bidder for $645,000 (inclusive of buyer’s premium).

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