Did you know that the average cost of an A-list actress' outfit at the Oscars is $10 million? Or that the red carpet itself cost over $24,000? It's certainly one of L.A.'s most expensive nights of the year, as they host the annual Academy Awards for the 92nd time. Check out some must-know facts to keep yourself informed before the flashy Sunday evening!

IN CASE YOU MISSED IT: Robert Pattinson named most handsome man in the world

7 quick facts about the Oscars 2020

Scarlett Johansson attends the EE British Academy Film Awards 2020 at Royal Albert Hall on February 02, 2020 in London, England