The Oscars are a night of glamour, spectacle, and high-stakes drama. From the red carpet to the final award, everything about the Academy Awards is designed to wow. But behind the flashing lights and glamorous outfits lies a staggering cost, with the 2025 ceremony set to cost a whopping $57.7 million, according to WalletHub. Here’s a breakdown of just how much it costs to make Hollywood’s biggest night look so dazzling.
1. The Red Carpet: $24,700
The iconic 50,000-square-foot red carpet, where stars strut in haute couture, isn’t cheap. It costs $24,700 to design, install, and maintain, with a crew of 500 working tirelessly for 600 hours to ensure it’s perfect, according to Bloomberg.
2. The Oscars Ceremony: $57.7 Million
WalletHub’s report estimates that the entire event will cost $57.7 million to host, which includes production, security, and other logistics. Meanwhile, the Oscar statuettes are only worth about $400.
3. Vanity Fair Party Tickets: $83,000
A ticket to the exclusive Vanity Fair Oscar party comes at a major price—$83,000 per couple.
4. Oscar Goodie Bags: $170,000
The “Everybody Wins” bags, given to every nominee, are worth a whopping $170,000. The luxe gifts have been known to include stays in five-star hotels in Barcelona and the Maldives, skincare lines, and even personalized disaster recovery services.
5. A-Lister Actress’ Look: $1.5 Million on Average
The cost of the Oscars look for an A-List actress averages $1.5 million. From custom gowns to diamond jewelry, these red carpet outfits are made with the finest materials.
6. Cate Blanchett’s 2014 Look: $18.1 Million
Speaking of actresses, Blanchett made history in 2014 by wearing what was then the most expensive Oscar look ever, which cost an incredible $18.1 million. Her jewelry alone, valued at $18 million, was complemented by her $100,000 Armani Privé gown, The Daily Mail reported.
7. Jewelry Overload: $30 Million
Besides the extravagant gowns, jewelry is also in the spotlight. Lady Gaga’s 2019 Oscars necklace, for example, a 128-carat yellow diamond from Tiffany & Co., was valued at over $30 million, making her jewelry one of the most expensive pieces to ever grace the red carpet.
