Yep. You read that right.

The Academy Award that director Orson Welles won for his 1941 classic “Citizen Kane“ went for $861,542 at auction yesterday, The Wrap reports.

The name of the winning bidder was not disclosed. But among the losers was cheesetastic magician David Copperfield, the online news site notes. Sotheby’s failed to sell the award at auction in 2007.

The statue – the only one Welles ever won — was originally owned by Beatrice Welles, the director’s daughter. The bidding took place in Los Angeles and bids were received over the phone and online, The Wrap reports.