• MSN
  • Hotmail
  • More
    • Autos
    • My MSN
    • Video
    • Careers & Jobs
    • Personals
    • Weather
    • Delish
    • Quotes
    • White Pages
    • Games
    • Real Estate
    • Wonderwall
    • Horoscopes
    • Shopping
    • Yellow Pages
    • Local Edition
    • Traffic
    • Feedback
    • Maps & Directions
    • Travel
    • Full MSN Index
  • Bing
  • NBCNews.com
  • TODAY
  • Nightly News
  • Rock Center
  • Meet the Press
  • Dateline
  • msnbc
  • Breaking News
  • Newsvine
  • News
  • Entertainment
  • Food
  • Health
  • Money
  • Pets
  • Moms
  • Style
  • Travel
  • Books
  • KLG & Hoda
  • Video
  • More
    • Comics & Games
    • Concert Series
    • Good News!
    • Hip2Save
    • Horoscope
    • Lotto
    • Photo Features
    • Relationships
    • Rossen Reports
    • Tech
    • Weather
  • Recommended: Budget brides save by buying canceled weddings
  • Recommended: So your kid wants a credit card. What do you do now?
  • Recommended: Great Recession will haunt millions into their retirement years, study finds
  • Recommended: Big Brother may not be watching, but your employer probably is


Life Inc. is about how the economy is affecting you: your life, your job, your family, your finances, your spending. Check us out on Facebook or follow us on Twitter.

  • ↓ About this blog
  • ↓ Archives
    • Icons Email E-mail updates
    • Icons Twitter Follow on Twitter
    • Icons Feed Subscribe to RSS
  • Advertise | AdChoices
    22
    Feb
    2013
    2:47pm, EST

    At $47,802, Oscar swag bags cheapest in 5 years

    Adrees Latif / Reuters

    Even if Jennifer Lawrence doesn't bring home an Oscar on Sunday, she'll still get to keep a $47,802 goodie bag.

    By Martha C. White

    A gold statue is nice, but Hollywood A-listers nominated for Oscars will get a consolation prize even if they don’t win: a $47,802 goodie bag.

    That’s about the same as the MSRP for an entry-level Mercedes Benz M class (and it’s within shouting distance of America’s 2011 median household income of $50,054). Still, it’s the least-expensive this gift bag has been in five years; in 2010, Oscar swag topped $90,000.

    “I am confident that having a $48,000 gift bag vs. a $58,000 gift bag will go unnoticed by Amy Adams, Hugh Jackman and Jennifer Lawrence,” Lash Fary, founder of marketing firm Distinctive Assets, which has put together the "Everyone Wins at the Oscars®" gift bag for the past 11 years, said via email.

    There’s still plenty of swag that evokes the typical A-list lifestyle: a $4,100 weeklong weight-loss retreat, $406 hand cream, a $795 water filtration device and and $1,800 pass to the VIP club at London's Heathrow airport.

    Others are quirkier and cheaper, albeit more practical, like a $19.99 clothing de-fuzzer and a $3.99 cleaning product from Windex. There is even a six-pack of condoms valued at $20.

    Fary said a smaller number of big-ticket vacation packages contributed to the lower overall value of this year’s gift bag. “This year, we had more physical items than in past years.  The past couple years we included more trips and gift certificates and decided to scale that back a bit this year,” he said. “Redeeming 12 trips in one year is difficult for anyone … let alone a busy celebrity.”

    There are still some trips included in this year’s gift bag, including a choice of one of two $12,000 Australian vacations either on the Great Barrier Reef or in the Outback. There’s also a $7,400 gift certificate for interior decorating services, among others.

    The appeal for companies is that they’ll score publicity if a red-carpet fixture like Robert De Niro or Sally Field uses, eats or wears their offering. This exposure is invaluable, which makes Academy Awards swag big business.

    “Part of the good news about all the attention we receive during Oscar week is that we get a lot of last-minute inquiries about being added to the bags, and sometimes the company is able to mobilize to make it happen,” Fary said. Companies pay between $4,000 and $20,000 to participate, not including the cost of the items they donate.

    In addition to the “Everyone Wins” gift bag, there are gifting suites like the GBK Luxury Gift Lounge and the Oscar Celebrity Gifting Suite, not to be confused with Connected's Pre-Oscar Celebrity Gifting Suite.

    Courtenay Madsen, owner of jewelry start-up Courtenay J Designs, spent about $1,250 to contribute 100 hand-stamped, sterling silver and copper necklaces for the GBK Luxury Gift Lounge, which totaled about a third of her annual marketing budget.

    “The cost was definitely a factor,” she said. “I had to watch every single penny.”

    Madsen said she’s hoping for payoff in the form of a celebrity shout-out on Twitter, which could help grow her wholesale business. “A  lot of times the actor’s fan base will click on your information,” she said. “You have a little bit more credibility... other people start to take notice.”

    “It takes quite a lot of work and time and effort to make it happen,” said Julian Harrison, president of Premier Tours, which donated a $45,000 African safari to the “Everybody Wins” gift bag in 2010 and had participated for the past four years. His company isn’t giving away a trip this year, but he said, “More than likely, we will be back next year.”

    The $45,000 consolation prize "swag bag" should ease the pain for losing nominees. Contents include a $12,000 vacation to Australia, a $5,000 "vampire facelift," and a five-day stay on the south shore of Kauai in Hawaii. Losers can also choose one week at a luxury weight loss retreat or a bottle of Bonita Platinum tequila.

    119 comments

    Conspicuous consumption, anyone?......this is the entitlement attitude of the top 1% in full psycho mode and before they have to return their loaner baubles back to Harry Winston.....but don't worry... they are very concerned about all you little people....we know this, because they told us......

    Show more
    Explore related topics: oscars, academy-awards, featured
  • 9
    Mar
    2011
    7:58am, EST

    What happened to our economy? Watch this documentary

    MIKE BLAKE / Reuters

    Charles Ferguson (L) and Audrey Marrs (R) pose backstage with their Oscars for for Best Documentary Feature for the 'Inside Job'

    By Allison Linn, NBC News

    If you watched the snooze fest that was the Academy Awards this year, you might have been awakened briefly by Charles Ferguson.

    He’s the award-winning documentary director who began his speech by saying: “Forgive me, I must start by pointing out that three years after a horrific financial crisis caused by massive fraud not a single financial executive has gone to jail, and that’s wrong.”

    “Inside Job,” the documentary that won that Academy Award, came out on DVD this week. It’s a sweeping and pointed look not just at the financial crisis that began in 2008 but also of the decades of financial decisions that led up to that point.

    The documentary goes to extreme lengths to make the dense topic accessible. The bite-sized interview segments are broken up by a zippy soundtrack, sweeping views of the cities associated with high finance and flashy shots of the all the trappings of ultra-wealth enjoyed by the financiers behind the crisis.

    Ferguson is a skilled interviewer, but he and his team -- including producer Audrey Marrs -- are even better editors. The interview segments we see are either short and snappy or short and painful.

    In one such instance, Frederic Mishkin says he left the board of governors of the Federal Reserve in August of 2008, just when the financial system was spiraling out of control, to revise a textbook.

    “Well I’m sure your textbook is important and widely read but in August of 2008, you know, some somewhat more important things were going on in the world, don’t you think?” the filmmaker asks.

    Mishkin’s answer isn’t shown.

    Comment

    Show more
    Explore related topics: academy-awards, featured, financial-crisis

Browse

  • featured,
  • economy,
  • employment,
  • personal-finance,
  • careers,
  • retail,
  • business,
  • taxes,
  • buzz,
  • cheapism,
  • workplace,
  • consumerman,
  • deals,
  • consumer-news,
  • good-graph-friday,
  • jobs,
  • unemployment,
  • retirement,
  • live-chat,
  • money,
  • career,
  • education,
  • food,
  • real-estate,
  • recession,
  • autos,
  • holiday-retail,
  • women,
  • college,
  • shopping,
  • money-911,
  • facebook,
  • housing,
  • wealth,
  • irs,
  • gas-prices,
  • work,
  • commentid-featured,
  • savings
Also

Top More on TODAY.com headlines

3155,10
Advertise | AdChoices

Martha C. White

NBC News contributor

Allison Linn, NBC News

Allison Linn is the lead writer for TODAY Money's Life Inc. She also writes about the economy, consumer issues, personal finance, employment and workplace issues for NBCNews.com. Linn joined NBCNews.com from The Associated Press, where she mainly covered Microsoft. Previously, she worked at newspapers in Colorado, Washington and Oregon. She also spent nearly two years as a reporter in Germany.

Allison Linn, NBC News Blogroll

  • Career Diva
  • Consumer Reports Money
  • Floyd Norris
  • The Big Picture
  • The Consumerist
  • The Juggle
  • Suddenly Frugal
  • Consumer Reports Baby & Kids
  • The Economist Free Exchange
  • Bucks
  • Brazen Careerist
  • On the Job
Let's socialize!
Want more Life Inc.? Follow me on Twitter, check us out on Facebook or send me your news tips or story ideas.

Archives

  • 2013
    • May (34)
    • April (66)
    • March (75)
    • February (72)
    • January (74)
  • 2012
    • December (57)
    • November (94)
    • October (75)
    • September (69)
    • August (51)
    • July (58)
    • June (76)
    • May (63)
    • April (62)
    • March (77)
    • February (69)
    • January (48)
  • 2011
    • December (62)
    • November (69)
    • October (63)
    • September (62)
    • August (58)
    • July (54)
    • June (42)
    • May (48)
    • April (43)
    • March (47)
    • February (36)
    • January (43)
  • 2010
    • December (65)
    • November (64)
    • October (51)
    • September (43)
    • August (16)

Most Commented

  • Big Brother may not be watching, but your employer probably is (184)
  • Great Recession will haunt millions into their retirement years, study finds (160)
  • Retirement age in US rises to 61 (from 57 in the early 90s) (192)
  • More brands find it's not a stretch to offer plus-size yoga attire (97)
  • Retired couples will need $220,000 for medical expenses (87)
  • Bus drivers top obese workers list; doctors tip lighter (47)
  • So your kid wants a credit card. What do you do now? (41)

Other blogs

  • Hip2Save

More on TODAY.com

3155,8
© 2013 NBCNews.com
  • Today.com Money
  • About us
  • Contact
  • Help
  • Site map
  • Careers
  • Closed captioning
  • Terms & Conditions
  • Privacy policy
  • Advertise