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Asked by: Mamudu Hoogestraat
music and audio urban contemporary musicCan you sell a Grammy Award statue?
Likewise, how much is a Grammy Award statue worth?
Cost per award: $400 However, the value of the award is actually only $1 due to a 2015 court ruling that states that it must first be offered to the Academy of Motion Picture Arts and Sciences for $1 before an Oscar statuette can be put up for bid, Entertainment Weekly reports.
Also Know, why can't you sell a Grammy Award Pawn Stars?
Back in 2010, the reality show Pawn Stars featured a man attempting to sell the 1970 Best R&B Recording Grammy, originally awarded to Ronald Dunbar for “Patches.” Dunbar claimed legal ownership of the Grammy, got a court to forbid the Pawn Star people from re-selling it, and won his prize back.
Each credited member of the band (contributed at the time the song or album was recorded with their name published) gets a statue. The Academy awards (Oscars) set limits on the number of statues given out (maximum of three), but the Grammys have no such limitation.