STEVEN SPIELBERG - NO BUYER FOR CITIZEN KANE OSCAR

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Steven Spielberg. Special Screening Of 'Sweeney Todd: The Demon Barber Of Fleet Street' Held At The Paramount Pictures Studios. Los Angeles, California picture

Caption: Steven Spielberg (Picture) Special screening of 'Sweeney Todd: The Demon Barber of Fleet Street' held at the Paramount Pictures Studios Los Angeles, California ....

NO BUYER FOR CITIZEN KANE OSCAR

Orson Welles's best screenplay Oscar for Citizen Kane failed to sell at a Sotheby's auction Tuesday when no bid exceeded the reserve price. The auction house declined to reveal what the reserve had been but earlier had estimated the value of the statue at $800,000. At similar auctions in the past of early Oscars, Steven Spielberg has stepped in to purchase the statues and then return them to the Academy of Motion Picture Arts and Sciences. The Welles Oscar is currently owned by Dax Foundation, a Los Angeles-based charity. At the same auction, held at Sotheby's New York auction house, Welles's personal working copy of the Citizen Kane script went for $97,000.

12/12/2007

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