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The Academy Awards offer a chance for Hollywood to show off its glitz, glam and gold.
And it can cost a pretty penny for celebrities to attend the evening in style.
The 2023 Oscars ceremony itself has a staggering $56.8 million price tag, according to a report by WalletHub.
It’s apparently a boon for the local economy, too: Los Angeles reportedly sees a more than $163 million boost from the ceremony.
For an A-list actress, that means they could drop about $10 million on a show-stopping look for the red carpet.
Even first-time attendees have to open their wallets wide, with an outfit potentially ringing up $266,000.
Cate Blanchett, who is nominated this year for Best Lead Actress for “Tár,” set the record for the most expensive look ever at the Oscars in 2014 — where her ensemble cost a whopping $18.1 million.
Lady Gaga’s Tiffany pendant that she rocked at the 2019 ceremony was valued at $30 million.
By the way, according to WalletHub, a win in the Best Actor or Actress category can mean a 20% boost in pay for the victor’s next film.
