Oscars 2023: The monetary value of this award is huge; watch video to know more

RRR and The Elephant Whisperers have made history by winning two Oscars this year. As this award is now coming to India, it is quite surprising to learn how much it costs.

What is the cost of Oscar award

The winner of the Oscar Award does not receive any kind of monetary award. They are simply awarded a trophy. When it comes to the trophy, it is made of bronze. It is doused in 24 carat gold water. Although it was also shut down after 2016. The Oscars have been produced by Polish Tolix, a fine art company based in the US, since 2016. This business uses a 3D printer to produce trophies, which afterwards receives a wax coating.

The size of this award measures 13.5 inches. It weighs only 8.5 pounds. The unique feature is that it takes a month to complete and costs $1,000 (Rs. 82,000). However, the winner cannot sell the trophy. It can be sold to the Oscar Academy for $1, which is approximately Rs.82.