Casablanca Oscar statuette slated to fetch $3 million

At the new Hollywood Golden Age, memorabilia such as Oscars bagged for classic movies command heavy prices when they go under the hammer. One such example is the Oscar for ‘Citizen Cane’ that fetched a good price sometime last year. This time around, Michael Curtiz’s best director Oscar for the movie classic “Casablanca” is going under the hammer and is anticipated to fetch a staggering $2.5 million to $3 million. Hungarian-born Curtiz won the Academy Award in 1943, after which he died in 1961. His prized possession was sold by Christie’s in 2003 for $231,500 to US magician David Copperfield.

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The Oscar also changed hands to another latest seller whose name the auction house declined to name. The online bidding that opened last week already saw the bid soar to more than $369,000, which is well above the reserve price. The Oscar statuette won by Michael Curtiz is going to be sold on June 28 by a Los Angeles-based auction house.