An Oscar award has to be offered to the Academy Awards for $1 before it can be legally sold. It is sometimes illegally auctioned.
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No, Kai Wong has never won an Oscar award.
George Seaton won the Oscar for Jean Hersholt Humanitarian Award in 1961.
It's the same award. 'OSCAR' is a nickname for it.
While the statuette is very often informally known as an Oscar, the roots of the name are cloudy. It is officially known as an Academy Award. The names Oscar and Academy Awards have become interchangeable over the years.
According to Entertainment Weekly magazine, each Academy Award costs about $834.