At 13.5 inches tall and weighing 8.5 pounds, the Oscar is the most recognized and probably most coveted award in the world. Officially called the "Academy Award of Merit," it is made of solid bronze and plated in 24-karat gold.
One Oscar statuette is said to be worth a little under $700, which is around P35,000. But that's nothing compared to how much is spent on the award show and everything Oscar-related: The 16,500-square-foot Oscars red carpet costs $30,000; the total cost of an A-list actress' entire look is priced at $10 million; the hosting fee, which will be given to Jimmy Kimmel this year, is $15,000; and a couple of tickets to the Vanity Fair Oscar Party costs $119,800. These are just some of the expenses during award season. The Oscars ceremony's total cost is $42.8 million.
But it doesn't end there. A 30-second commercial during the telecast is worth $2.1 million, and a whole-page ad in The Hollywood Reporter during Oscar season is $72,000.
If you're wondering how the statues are made, check this out:
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