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The 1st Academy Awards ceremony, presented by the Academy of Motion Picture Arts and Sciences (AMPAS) and hosted by AMPAS president Douglas Fairbanks, honored the best films from 1 August 1927 to 31 July 1928 and took place on May 16, 1929, at a private dinner held at the Hollywood Roosevelt Hotel in Los Angeles, California. Tickets cost $5 ($79 in 2021, considering inflation); 270 people attended... Wikipedia