[MUSIC] Coinage. Life, well spent. Presented by Geico. Glitz, glam, emotional speeches, little gold men, it could only be Hollywood's biggest night, The Oscars. Wouldn't it be amazing to attend the show? Well, good luck with that. Tickets to the Academy Awards aren't sold to the public. Studios by op the seats in the Dolby Theater for the star studded event. Nosebleed seats reportedly run $150, while orchestra spots sell for $750. So if you're not in the cast and crew of La La Land, or hosting like Jimmy Kimmel, you've got to be really well connected to score a seat. Let's say you do nab a golden ticket to the event, because your sister's best friends cousin went to elementary school with Ryan Gosling. Time to get dressed. You can't show up looking drap, if you spring for a stylist, set aside between $500- $3000. Aliases borrow designer does for free. but you're not Emma Stone, you have to shout some hefty cash to buy or rent that goes decor to your dress or dapper tux. Enclose only half a battle. A top hairstylist starts at $150 and celebrity worthy makeup artists will run between $600 and $1,700. Finally, stars arrive in style. Limousine services can charge anywhere between $100 and $400 per hour with an eight hour minimum for Oscars night. Whew, a night at the Oscars can really add up. If the A listers had to pay their own way, that's easily $10,000 To be a part of Hollywood magic for one night only. Coinage. Life, well spent. Presented by Geico.
The Oscars are the most prestigious ceremony in show business, awarding golden statuettes to the very best in film every year. But for the winners, it’s far more about earning fame and glory than it is about padding their bank account.
So how much money do you get when you win an Oscar? The short answer is $0. Taking home one of those coveted trophies doesn’t come with a monetary bonus.
And don’t even think about trying to sell it: Each Oscar winner must sign a document that says that the Academy has first dibs on any Oscar sales—and the only price they’ll pay to buy it back from you is just $10.
That’s right: The statuette—which costs an estimated $500 to $900 to create, depending on the price of gold—will only net you $10 if you try to sell it back.
But winning an Oscar can come with some indirect earnings. According to 2015 estimates by Hollywood agents, taking home an Oscar can cause a pay increase of about 20 percent for the winner’s next project. Unfortunately, though, this comes with a big gender pay gap. Male Oscar winners are estimated to take home about $3.9 million more, while females can only expect about a $500,000 bonus.
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So how much money do you get when you win an Oscar? Technically none, but for many, the win is priceless.