image I cannot understand how anyone could give away animage Oscar, which is what Orson Welles did as payment to a Los Angeles cinematographer.

Was he really so hard up after making the powerful film Citizen Kane, which caused a terrific storm in 1941 when there were attempts to suppress it:

Nearly every film maker was in some way influenced by this movie. This movie also had a great impact in its time. The title character was based on media giant William Randolph Hearst. He was that generations Donald Trump. He opposed this film so much he did everything in its power to stop its release and almost succeeded. Lastly this film contains some of the strongest and most common themes in literature; Life versus death. It is for these reasons why this film is so revered.

In fact, the Oscar was awarded jointly to Welles and Herman J Mankiewicz for best original screenplay in 1942 – the only gong the film won, despite nine nominations.

The award was believed to have been lost until it surfaced at a Sotheby’s auction in 1994. Beatrice Welles, Orson’s youngest daughter, sued Sotheby’s and the cinematographer and eventually received the Oscar. When she tried to sell it herself, the Academy of Motion Picture Arts and Sciences sued her as part of its policy to keep Oscars off commercial markets.

Since 1950, the academy has required Oscar-winners to give it the first right of refusal to buy back an Oscar for $1 (50p). Because this particular Oscar had been awarded before 1950, among other reasons, Welles was able to win the court case. In 2003, Welles sold the Oscar to a Los-Angeles charity called the Dax Foundation, which is now auctioning the Oscar. It is estimated to fetch between $800,000 (£393,000) and $1.2m (£590,000) when it goes under the hammer in December.

A unique Christmas present for the man or woman who has everything – except an Oscar.