Best Oscar Photos by LIFE Presenters Audrey Hepburn and Grace Kelly wait backstage at the RKO Pantages Theatre during the 1956 Academy Awa...

Best Oscar Photos by LIFE

Presenters Audrey Hepburn and Grace Kelly wait backstage at the RKO Pantages Theatre during the 1956 Academy Awards.

Marlon Brando (right, with French singer and actress Line Renaud) casually holds his Best Actor Oscar for On The Waterfront at the 1955 Academy Awards at the RKO Pantages Theatre.

Elizabeth Taylor walks through a crowd of admirers at the Oscars in 1961 — the year she won her first Academy Award, for her role in BUtterfield 8.

The one and only Audrey Hepburn cradles the Oscar she won for her role in Roman Holiday.

Natalie Wood and Warren Beatty, co-stars in the Elia Kazan-directed romantic drama, Splendor in the Grass, attend the 1962 Academy Awards.

Humphrey Bogart and his wife Lauren Bacall arrive at the 27th annual Academy Awards at the RKO Pantages Theater in 1955.

Kirk Douglas, elegant in white tie, smiles and waves as he enters the RKO Pantages Theatre in 1954.

In honor of Hollywood, actors, actresses and the magic of movies in general, LIFE.com offers a selection of Oscar photos that capture the glitz and glamor of the Academy Awards.

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