Orson Welles’ ‘Citizen Kane’ Oscar Sells at Auction; Famous Magician Loses Out, but Reveals Why He Wanted the Statuette

Dec 21, 2011  •  Post A Comment

When the gavel came down on Tuesday at the Nate D. Sanders auction house, Orson Welles’ Oscar, which he won for "Citizen Kane," went for $861,542, reports TheWrap.com.

The Academy Award statuette for best original screenplay was the only Oscar Welles ever won, as reported previously. It had been owned by Beatrice Welles, the filmmaker’s daughter.

The winning bidder’s identification was not revealed. However, one losing bidder was the magician David Copperfield.

The auction firm’s news release on the sale notes: “The underbidder, David Copperfield, told the auction house that he was keen to acquire the Oscar, as ‘Orson Welles was not only a magician of the cinema, but also a performing magician himself.’ Orson Welles actually hosted Copperfield’s first television special and Copperfield owns many of the props from the movie.”

The same Welles Oscar was put up for auction in 2007 by Sotheby’s, but failed to sell.

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