John Wayne’s True Grit Golden Globe Up for Grabs

When a big John Wayne memorabilia auction rolls into the Hyatt Regency Century Plaza Hotel this fall, one of the items up for bid will be the Golden Globe won by the actor for his performance in 1969’s True Grit.

Unlike the Academy of Motion Picture Arts and Sciences, which added a winner’s contract in 1950 that gives the organization first right of sale refusal and the ability to buy back any statuette for peanuts, there are no such rules on the Hollywood Foreign Press Association side. Golden Globe winners and their estates are free to sell.

There have been over the years a number of high-priced resales of pre-1950 Oscar statuettes, with David O. Selznick’s Best Picture trophy for Gone with the Wind topping the scales at a hefty $1.542 million in 1999. Golden Globe statues have had a much lower resale value. Last December for example, a special 1955 statuette owned by Jennifer Jones for Love is a Many-Splendored Thing was purchased for $4,270.

Maybe Jeff Bridges or one of the Coen brothers should put in a bid for the Duke’s True Grit hardware. Wayne also won the Oscar in 1969 for his portrayal of Rooster Cogburn, and received during his career two other Golden Globe nods for career achievement (1966) and most popular male star (1953).

@hollywoodspin Richard Horgan is co-editor of Fishbowl.
Publish date: April 6, 2011 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT