Rare miniature Academy Award issued by Columbia Pictures Corporation in 1935, when the film ''It Happened One Night'' became the first motion picture to win the ''Big Five'' major Academy Awards for Best Picture, Best Actor, Best Actress, Best Director and Best Screenplay. Columbia's longtime president Harry Cohn is thought to have conceived the idea of issuing miniature Oscars, which were then given out on a very limited basis to various stars and executives associated with Columbia Pictures. This Oscar measures 6'' tall, stands on a metal base, is finished with a gold wash, and is an exact facsimile of its namesake. An engraved brass plaque on the front reads: ''Academy of Motion Picture Arts and Sciences / First Award / Columbia Pictures for the Best Picture of the Year'' and on the back, a similar brass plaque reads, ''15th Anniversary / Columbia Pictures / 1920-1933''. These period Oscar statues, manufactured by Gorham & Co., are becoming increasingly rare with only a handful ever reaching the public. Some chipping to the finish on the base, rubbing to gold finish as expected from age and repair to bottom of figure from a previous break. Overall in good condition.