Every year, the Academy Awards is one of the most anticipated events in Hollywood.

From the star-studded red carpet to the acceptance speeches, viewers around the world tune in to get a glimpse of what it means to be part of Tinseltown’s elite. But what do you know about the coveted gift bags given out to all of the show’s hosts? Let’s find out!

What are they?

The Academy Awards gift bag is quite a spectacle. It includes an array of luxurious items, from designer clothing and jewelry to high-end electronics and health and beauty products. The bags are usually valued at around $100,000 each. While these extravagant items may seem out of reach for most people, these lucky few get them for free just for hosting or presenting at this prestigious event!

What’s Inside?

The contents of each bag vary from year to year but generally include some pretty amazing items like luxury trips, high-end jewelry, expensive electronics, and other exclusive gifts. Some popular items that have been included in past years are custom-made artwork from acclaimed artists, personal spa treatments, and even bottles of rare wines. And while not all of these pricey gifts have monetary value attached to them (think VIP experiences), many do come with hefty price tags attached!

The Academy Awards has become an annual tradition that brings together stars from around the world—and with it comes one very special gift: The Oscars gift bag!

These luxurious bags filled with high-end items are given out to all the show’s hosts each year and are sure to make anyone feel like a true Hollywood A-lister.

So next time you watch the Oscars ceremony on TV, keep your eyes peeled for a peek inside those coveted gift bags—who knows what you might find!