An Oscar trophy dating back to 1942 has been sold at auction for $79,000, a figure far above the auctioneers estimate of $5,000 - $30,000. The iconic, shining award, which was given to Joseph C. Wright at the 15th Academy Awards, was bought by an unnamed buyer, though the auction house has teased that we "would recognize the name."

At the 1943 ceremony honouring films released the previous year, Wright picked up the award for his color art direction for the 1942 musical My Gal Sal which starred Rita Hayworth and Victor Mature. Wright received 12 Academy Award nominations and won twice. After Wright died in 1985 at the age of 92, the Oscar was passed on to his nephew, according to The AP.

The auctioneers are remaining tight-lipped over the identity of the buyer, leading to inevitable speculation regarding whether an A-list actor or filmmaker made the nostalgic and rare purchase to celebrate the days of Old Hollywood.

Continue reading: 1942 Oscar Trophy Sells For $79,200 At Auction, Who's The Buyer?