A Hollywood partygoer posted a video on Facebook of himself holding and kissing the statuette.
ADVERTISEMENTSunday was certainly a memorable night for Frances McDormand: the night she won and lost her Oscar for best actress.
It briefly went missing at the lavish Governor's Ball party in Hollywood, where Academy Award winners have their statuettes engraved.
The alleged thief wasn't exactly discreet. A Reuters video captured him leaving the ball holding the Oscar and saying, "We got it. We did it. We did it. I got to go."
The man also posted a video on Facebook of himself at the event holding the statuette, kissing it and telling other guests he was a winner.
The Oscar was later returned to McDormand, and the man, who had a ticket for the event, was arrested.
Los Angeles police said on Monday (March 5) that party-goer Terry Bryant was arrested on a grand theft charge and was being held on $20,000 bond. It was unclear if he had an attorney.
McDormand, 60, won the Best Actress Oscar for her role as an angry, grieving mother in the dark comedy "Three Billboards Outside Ebbing, Missouri."