There is a story in TheNewsTribune.com today about a legal dispute between the heirs of three Oscar statuettes and the Academy of Motion Picture Arts and Sciences. Statues awarded after 1950 are legally encumbered and winners and their heirs must give the Academy first right of refusal to buy back the award for a nominal sum. Oscar statuettes that have sold in the open market that are not subject to this requirement have sold for large sums of money. [Read more…]