Because of the soaring price of gold over the past year, each Oscar statuette will cost the Academy of Motion Picture Arts and Sciences $100 more this year than it did in 2007, Bloomberg News reported today (Friday). The statues are made by Chicago-based R.S. Owens & Co. With the price of an ounce of gold rising 40 percent to $950, each gilded Oscar now costs a record $500, academy spokeswoman Teni Melidonian told Bloomberg.