Welles Citizen Kane Oscar Costs $861K

First Launched: December 21, 2011 11:42 AM EST Credit: Warner Bros. La, Calif. -- Caption 'Citizen Kane' movie posterThe Academy Award statuette that Orson Welles won for your original script of Citizen Kane was offered more than $861,000 Tuesday in La. Nate D. Sanders Auctions representative Mike Heller mentioned bidders from around the world, including David Copperfield, vied for your Oscar. The 1942 Oscar was regarded as as lost for several years. It made an appearance in 1994 when cinematographer Gary Graver tried to sell it off. The acquisition was stopped by Beatrice Welles, Orsons youngest daughter and sole heir. Copperfield, who was simply outbid inside the auction, mentioned he admires Welles not only for his film accomplishments, but as they, too, will be a magician. Welles situated Copperfields first television special. The ah declined to create the finest bidders title. It mentioned only numerous Academy awards have offered for virtually huge amount of money. Michael Jackson paid out $1.54 million in 1999 to find the best picture Oscar granted to David O. Selznick for Gone While Using Wind. Copyright 2011 with the Connected Press. All rights reserved. These elements is probably not launched, broadcast, rewritten or redistributed.