Posted at 04:30 PM ET, 12/12/2011

In other news: Orson Welles’s Oscar to be auctioned

Orson Welles on the set of “Citizen Kane” in 1941. (Ernest Bachrach/Hulton Archive/Getty Images)

Orson Welles
’s Oscar for writing “Citizen Kane” will go up for auction in L.A. this month, reports Reuters. The statuette — subject of a long legal battle between the late filmmaker’s daughter and the Academy of Motion Picture Arts and Sciences, which tried to stop her from selling it — failed to get its reserve price when it last went on the block in 2007. This time it will have a minimum price somewhere between $600K and $1 million.

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