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The evidence suggests that Marlon Brando was sincere in declining his Oscar to protest the mistreatment of Native Americans. According to Sherry L. Smith's Hippies, Indians, and the Fight for Red Power, Marlon Brando had been involved in doing advocacy work for Native Americans for about ten years before he refused to accept his Academy Award.
The Oscar statue costs about $400 to make out of gold-plated pewter. But veteran marketers who capitalize on the image know how to turn a win, and even a loss, into millions. The Oscar statue costs about $400 to make out of gold-plated pewter. Winning it can translate to a big payday for the movie, its stars and those associated with making the film. Why? The Oscar is an iconic symbol of the Academy Award brand that serves to validate both the movie and talent involved in making the film.