Oscar Award won by Orson Welles for “Citizen Kane” is up for auction for a cool million

Its time to present to you an option for an exclusive auction! Get ready to shell out a million or more for not any designer gown or watch or jewelry but for an Oscar award! Yeah you can now actually flaunt an Oscar…….obviously won by some one else. Lately on the market we have the Oscar won by Orson Welles from the Academy of Motion Picture Arts and Sciences for best Screenplay for Citizen Kane. It is expected to fetch $800,000 and $1.2 million at a scheduled Sotheby’s auction on 11 December. The deserving value invited by award is significantly because of its status of being the 1941 classic. It won only one Oscar, but Orson Welles’ 1941 film “Citizen Kane” is widely considered his best movie. The movie had a star-studded cast. Welles was fearless in the filmmaking and he had complete autonomy, all of which helped him create a landmark movie

In 2003, Welles sold the Oscar to the Dax Foundation, a Los Angeles-based nonprofit group that supports various educational, health and other causes. Dax is auctioning the Oscar. However this is not the first of it kind auction, as in 1999, the best picture Oscar for “Gone With the Wind” sold for more than $1.5 million and Vivien Leigh’s best actress statuette for the same movie fetched more than $550,000.