Oscar statuette from 1942 sets a record for auction house

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Oscar Statuette From 1942 Sets New Record For Auction House
Most people get an Academy Award by winning one -- but apparently, you can buy one, too ... if you have $80,000 on hand.

Briarbrook Auctions in East Greenwich, Rhode Island, sold an Oscar won by Joseph C. Wright in 1942 for best art direction for $79,200 on Monday night, more than double its original estimate.

See the 1942 Oscar statuette, as well as memorable Oscar moments from the past

Oscar statuette from 1942 sets a record for auction house
This undated photo released by Briarbrook Auctions shows an Academy Award Oscar statue awarded for color art direction in 1942 to Joseph C. Wright for his work on “My Gal Sal.” The statuette is being auctioned in Rhode Island Monday evening, June 23, 2014, by Wright's nephew. Wright died in 1985. The Academy of Motion Picture Arts and Sciences does not allow an Oscar statuette to be sold without first offering it back to the academy for $1. But the auction house said that restriction does not apply to awards before 1950. (AP Photo/Briarbrook Auctions)
THE 12TH ANNUAL ACADEMY AWARDS -- Pictured: (l-r) Actor Spencer Tracy, Vivien Leigh winner of Best Actress for 'Gone With the Wind' during the 12th Annual Academy Awards held at the Cocoanut Grove in The Ambassador Hotel in Los Angeles, Calidfornia on February 29, 1940 -- (Photo by: NBC/NBCU Photo Bank via Getty Images)
circa 1936: Film actress Barbara Stanwyck (1907 - 1990), often called 'the best actress who never won an Oscar', as she was nominated for four Academy Awards but never won. (Photo by Margaret Chute/Getty Images)
UNSPECIFIED - FEBRUARY 07: Janet Gaynor receiving academy award for best actress in film Sunny Side Up 1929 (Photo by Apic/Getty Images)
UNITED KINGDOM - MARCH 20: The four most coveted Oscars, presented annually by the Motion Picture Academy, held after the presentation ceremony in Hollywood, California, by (left to right) Olivia de Havilland, selected as top screen actress of 1946 for her role in To Each His Own; Harold Russell, handless war veteran who received a special award and a statuette for the best male supporting role of the year in The Best Years of Our Lives; Cathy O'Donnell, who accepted the top male award for Fredric March for his role in The Best Years; and Anne Baxter, best supporting performance by an actress for her work in The Razor's Edge (Photo by Planet News Archive/SSPL/Getty Images)
26TH ANNUAL ACADEMY AWARDS -- Pictured: (l-r) Actor, Frederick March, and actress, Audrey Hepburn wearing a Givenchy gown, during the 26th Annual Academy Awards at the Pantages Theater in Hollywood, California on March 25, 1954 (Photo by NBC/NBCU Photo Bank via Getty Images)
26TH ANNUAL ACADEMY AWARDS -- New York Ceremony -- Air Date 03/25/1954 -- Pictured: Best Actress winner Audrey Hepburn for 'Roman Holiday', actor Jean Hersholt during the 26th Annual Academy Awards on March 25, 1954 held at the NBC Century Theatre in New York City (Photo by NBC/NBCU Photo Bank via Getty Images)
THE 26TH ANNUAL ACADEMY AWARDS -- Pictured: Audrey Hepburn, wearing a Givenchy gown, surrounded by journalists after winning her Best Actress Oscar (Photo by NBC/NBCU Photo Bank via Getty Images)
26TH ANNUAL ACADEMY AWARDS -- New York Ceremony -- Air Date 03/25/1954 -- Pictured: Best Actress winner Audrey Hepburn for 'Roman Holiday' during the 26th Annual Academy Awards on March 25, 1954 held at the NBC Century Theatre in New York City (Photo by NBC/NBCU Photo Bank via Getty Images)
25TH ANNUAL ACADEMY AWARDS -- NY Ceremony -- AIr Date 03/19/1953 -- Pictured: (l-r) Best Actress winner Shirley Booth for 'Come Back, Little Sheba', host/presenter/actor Fredric March at the 25th Annual Academy Awards New York ceremony held at the NBC International Theatre in New York City on March 19, 1953 (Photo by NBC/NBCU Photo Bank via Getty Images)
25TH ANNUAL ACADEMY AWARDS -- NY Ceremony -- AIr Date 03/19/1953 -- Pictured: (l-r) Best Actress winner Shirley Booth for 'Come Back, Little Sheba' at the 25th Annual Academy Awards New York ceremony held at the NBC International Theatre in New York City on March 19, 1953 (Photo by NBC/NBCU Photo Bank via Getty Images)
22nd April 1966: English actress Julie Christie with her Academy Award for Best Actress , which she won for her role in 'Darling'. (Photo by Harry Benson/Express/Getty Images)
Married American actors Robert Stack (1919 - 2003) and Rosmarie Stack arrive for the 39th Annual Academy Awards, Los Angeles, California, April 10, 1967. (Photo by Hulton Archive/Getty Images)
April 1966: American actor Natalie Wood (1938 - 1981), wearing a fur coat, stands with Joe Lewis, wearing a tuxedo, at the Academy Awards, Los Angeles, California. (Photo by Max B. Miller/Fotos International/Getty Images)
British actor Rex Harrison (1908 - 1990) poses with his co-star Audrey Hepburn (1929 - 1993), having just won the Best Actor award for his role in 'My Fair Lady' at the 37th Academy Awards, Santa Monica, California, 5th April 1965. (Photo by Rolls Press/Popperfoto/Getty Images)
9th April 1962: EXCLUSIVE L-R: American composer Henry Mancini, American dancer Cyd Charisse, and American actor Tony Martin pose backstage at the Academy Awards, Santa Monica, California. Mancini holds his Oscar for Best Musical Score, which he received for his work on director Blake Edwards' film, 'Breakfast at Tiffany's.' (Photo by Gene Lester/Getty Images)
THE 32ND ANNUAL ACADEMY AWARDS -- Pictured: Host Bob Hope -- (Photo by: Paul W. Bailey/NBC/NBCU Photo Bank via Getty Images)
Elizabeth Taylor (Photo by Ron Galella/WireImage)
LOS ANGELES - MARCH 27: Actress Elizabeth Taylor poses for portrait at the 29th Academy Awards ceremony which was held at the RKO Pantages Theatre with her third husband producer Mike Todd, who holds the Oscar he won for best picture for his film 'Around The World In 80 Days', and actor Yul Brynner (right) who hold the Oscar which he won for best actor for his role in the movie 'The King And I' on March 27, 1957 in Los Angeles, California. (Photo by Michael Ochs Archives/Getty Images)
LOS ANGELES - APRIL 7: Husband and wife actors Elizabeth Taylor and Richard Burton attend the 42nd Academy Awards ceremony on April 7, 1970 in Los Angeles, California. (Photo by Michael Ochs Archives/Getty Images)
Headshot of actress Elizabeth Taylor smiling at the Academy Awards, Dorothy Chandler Pavilion, Los Angeles, California, April 3, 1978. (Photo by Michael Ochs Archives/Getty Images)
circa 1960: American singer and actor Eddie Fisher and British actor Elizabeth Taylor attend the Academy Awards, Los Angeles, California. Taylor was married to Fisher, her fourth husband, from 1959 - 1964. (Photo by David Sutton/Hulton Archive/Getty Images)
Irish-born actor Barry Fitzgerald (1888 - 1966) (left) holds his Oscar for Best Supporting Actor while American actor Bing Crosby (1904 - 1977) holds his Oscar for Best Actor, both for their roles in 'Going My Way,' Academy Awards, Los Angeles, California, March 15, 1945. (Photo by Hulton Archive/Getty Images)
James Stewart (1908-1997), US actor, wearing a black tuxedo, a white shirt and black bow tie, with Ginger Rogers (1911-1995), US actress and dancer, wearing an evening gown, both holding their Oscar statuettes, at the 13th Academy Awards, at the Biltmore Hotel in Los Angeles, California, USA, 27 February 1941. Stewart won Best Actor in a Leading Role for his performance in 'The Philadelphia Story', and Rogers won Best Actress in a Leading Role for her performance in 'Kitty Foyle'. (Photo by Hulton Archive/Getty Images)
Headshot of actress Elizabeth Taylor at microphones in front of Oscar statue at the Academy Awards, Dorothy Chandler Pavilion, Los Angeles, California, April 3, 1978. (Photo by Michael Ochs Archives/Getty Images)
American actress and singer Barbra Streisand holding her two Academy Awards Oscar statuettes, circa 1976. (Photo by Terry O'Neill/Getty Images)
2nd April 1974: American actor Tatum O'Neal, wearing a tuxedo, holds her Oscar for Best Supporting Actress for her role in director Peter Bogdanovich's film, 'Paper Moon,' at the 46th Annual Academy Awards, Dorothy Chandler Pavilion, Los Angeles, California. She was the youngest actor to ever win an Oscar. (Photo by Hulton Archive/Getty Images)
2nd April 1974: American actor Edy Williams opens her leopard fur coat to reveal a leopard fur bikini at the Academy Awards, Dorothy Chandler Pavilion, L A County Music Center, Los Angeles, California. Her date wears a hooded robe. (Photo by Fotos International/Getty Images)
27th March 1973: Sacheen Littlefeather (Native American actress Maria Cruz) holds a written statement from actor Marlon Brando refusing his Best Actor Oscar on stage at the Academy Awards, Los Angeles, California. (Photo by Hulton Archive/Getty Images)
15th April 1971: American singer and actor Frank Sinatra (1915-1998) holds his Jean Hersholt Humanitarian Award for his devotion to charity work, at the Academy Awards, Dorothy Chandler Pavilion, Los Angeles, California. (Photo by Frank Edwards/Fotos International/Getty Images)
15th April 1971: American actor and singer Frank Sinatra (1915 - 1998) holds an Hersholt Humanitarian Award backstage at the Academy Awards, Dorothy Chandler Pavilion, Los Angeles, California. (Photo by Hulton Archive/Getty Images)
Actress Farrah Fawcett and Harold Russell, handless veteran of World War II who won the supporting actor Oscar in 1946 for his performance in "The Best Year Of Our Lives," present the Best Visual Effects to the movie "Alien," during the Academy Awards, April 15, 1980. (AP Photo)
HOLLYWOOD, CA - MARCH 25: Milos Forman (L), Czechoslovakian-born US filmmaker and Saul Zaentz, respectively director and producer of 'Amadeus', a movie based on the life of Wolfgang Amadeus Mozart, hold their Oscars 25 March 1985 in Hollywood at the Annual Acacemy Awards in Hollywood. 'Amadeus' won a remarkable 11 Oscars, including Best Picture and Best Director. Born in 1932 in Caslav, a small town outside of Prague, Forman lost both his parents in the Nazi death camps during WWII. In the early 1950s, Forman enrolled at the newly founded Prague Film Institute (FAMU), where he worked with many of the major figures of the 'New Wave of Czech Cinema' of the 1960s. When Warsaw Pact tanks rumbled into Prague in August 1968, Forman emigrated to the US. Forman's second American movie, 'One Flew Over The Cuckoo's Nest', swept the Academy Awards, winning all five major Oscars. AFP PHOTO ROB BOREN (Photo credit should read ROB BOREN/AFP/Getty Images)
049944 23: Actor Sean Connery holds up his Best Actor in a Supporting Role Oscar for 'The Untouchables' at the Academy Awards April 11, 1988 in Los Angeles, CA. The Academy Awards are prizes given out annually in Hollywood for excellence in film performance and production. (Photo by John Barr/Liaison)
049944 32: Actress Cher holds her Best Actress in a Leading Role Oscar for 'Moonstruck' at the Academy Awards April 11, 1988 in Los Angeles, CA. The Academy Awards are prizes given out annually in Hollywood for excellence in film performance and production. (Photo by John Barr/Liaison)
24th March 1986, American actor Don Ameche (1908 - 1993) holds his Oscar while posing with American actor and singer Cher at the Academy Awards. Ameche won Best Supporting Actor for his role in director Ron Howard's film, 'Cocoon.' Cher is wearing an outfit designed by Bo (Photo by Darlene Hammond/Getty Images)
11th April 1983: British actor and film director Richard Attenborough smiles and holds up two of his Oscars for Best Director and Best Picture for his film, 'Gandhi,' during the 55th Annual Academy Awards, at the Dorothy Chandler Pavilion, Los Angeles, California. (Photo by Fotos International/Getty Images)
Tom Cruise and Paul Newman Attending the 1994 Academy Awards in Los Angeles. (Photoshot/Getty Images)
American Actor Tom Hanks Attending the 1994 Academy Awards in Los Angeles. (Photoshot/Getty Images)
American Actor Clint Eastwood At the 1993 Academy Awards. (Photoshot/Getty Images)
Canadian-born actress Anna Paquin poses with the 1993 Oscar she received for best supporting actress at the 66th annual Academy Awards held at the Dorothy Chandler Pavilion, Los Angeles, California, March 21, 1994. Paquin, 11 at the time, won for her performance in 'The Piano'. (Photo by Anna Luken/Fotos International/Getty Images)
Actress Elizabeth Taylor poses with her Jean Hersholt Humanitarian Award at the 65th Annual Academy Awards at the Shrine Auditorium on March 29, 1993 in Los Angeles, California.
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Auctioneer Nanci Thompson spotted the Oscar while visiting the home of Wright's nephew to look at other items.

"I saw something out of the corner of my eye and I said to him, 'Is that what I think it is?'" Thompson told WPRI.

The figure set a new sales record for the auction house, helped in large part due to out-of-house bidders. Some in-house bidders attempted to snag the trophy, but it ultimately came down to bids online and over the phone.

WNAC reports "some very powerful names that I wish I could share with you, but I can't. But you would know who they are."

A phone bid from California won the auction. The bidder paid $79,200, which includes a 20 percent buyer's premium, according to ​WJAR.

Oscars rarely come to market because every Oscar winner since 1950 has been required to sign a contract saying if they or their heirs wish to sell an Oscar, it must first be offered back to the Academy of Motion Picture Arts and Sciences for $1, ​according to The Providence Journal.

Wright's Oscar was fair game because it was awarded before 1950. Wright won two Oscars for art direction: the one that sold at auction for 1942's "My Gal Sal" and another for "This Above All" the same year.
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