The Oscars, Hollywood’s most glamorous event, is not just a showcase of cinematic excellence but also a lavish affair with a staggering cost. This year’s Academy Awards ceremony is set to cost $56.9 million.The expenses range from extravagant outfits worn by A-list celebrities to the iconic red carpet. Noteworthy is the cost of fashion on this star-studded night, with A-listers’ outfits reaching astronomical figures. For instance, in 2019, Lady Gaga dazzled in a Tiffany & Co. necklace valued at over $30 million, while Cate Blanchett and Charlize Theron also graced the Oscars in outfits worth m…