The very first Academy Awards, or Oscars, was held on this day in 1929 at the Hotel Roosevelt in Hollywood, California. Back then it was a much simpler affair than the hours-long, star-studded spectacular that we are familiar with today. The day started with a private brunch for about 270 people. Fifteen statues were presented that day, although the winners had been announced months earlier. There was a post-awards party at the Mayfair Hotel, where tickets sold for five dollars.