What is the Oscar statuette holding in its hands?

There's no doubt that The Oscars is one of the most prestigious events in the world and, every time, millions settle down to see who has been commended for their work in the film i

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Oscar Style Statuette Trophy Award solid Brass Figure Holding Laurel Wreath on Wood Base 7 Tall on 3.5 X 3.25 Base

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Hand holding a vintage oscar award on Craiyon