The official Oscar Gift Basket is a way to thank the performers, presenters and the show’s host. Companies start bidding six month’s in advance to get their goodies into the basket.
In the year 2002 the estimated price of the contents of that Oscar basket was nearly $20,000 and it reached upto $110,000 last year. This year’s Oscar Basket will surely be more expensive than that as it includes products like Four-night package at Waikiki’s Halekulani resort ($25,000-plus), diamond Tara necklace ($1,300); Frette cashmere and leather-trimmed travel blanket ($1,495) and much more.
