The Grammy trophy presented to winners on the night costs only about $800 to make, inclusive of materials and labor costs. Since about 600–800 trophies are made every year for the ceremony, that puts the total cost of the trophies somewhere in the ballpark of $480,000 to $640,000. The true value of a Grammy Award for an artist lies in the honor of being recognized for their achievements, which can lead to a range of benefits—both monetary and reputational.
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