Anonymous Oscar Ballots as Voting Is Officially Closed: From ‘I Despised “The Substance”‘ to ‘Why Is “Dune” Losing Best Picture?’

Awards Circuit Column: Surprises could lurk as the final Academy Awards voting period has ended.

BEVERLY HILLS, CA - FEBRUARY 01:  Ballots await mailing at the 84th Academy Awards Final Oscar Ballot mailing at the Academy of Motion Picture Arts and Sciences on February 1, 2012 in Beverly Hills, California.  (Photo by Alberto E. Rodriguez/Getty Images)
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Oscar voting is closed, and the Academy exit polls show an unpredictable ceremony ahead.

The 97th Academy Awards are fast approaching, and with them comes one of the most wide-open races in recent memory. Each of the 10 nominees has carved out a distinct space, from high-profile epics to intimate indie dramas. But if history — and Academy voting trends — are any indication, one film stands poised to dominate.

In one corner is Sean Baker’s “Anora,” which has all the momentum. After winning the Palme d’Or, Critics Choice, DGA, PGA, and WGA awards, it has swept the major precursors — a feat rarely achieved. The film fits the Academy’s recent pattern of embracing bold, character-driven storytelling centering on a single woman (“Nomadland,” “CODA,” “Everything Everywhere All at Once”). With AMPAS’ younger, more diverse membership in play, this raunchy indie dramedy seems poised to follow in their footsteps.

It also helps that, according to Variety’s informal voter polling, “Anora” and “Conclave” have consistently appeared on the most ballots. Still, “The Brutalist” looms as a potential spoiler — but only if enough voters have actually watched all 215 minutes of Brady Corbet’s sprawling historical epic. The film, which won best picture at the Golden Globes and director at BAFTA, carries strong international and prestige-film support. If it wins, it will become the fourth-longest best picture winner ever, joining “Gone With the Wind” (1939), “Lawrence of Arabia” (1962), and “Ben-Hur” (1959). The Academy has long been drawn to spectacle (see: “The Lord of the Rings: Return of the King” and “Schindler’s List”), and “The Brutalist” fits the mold.

Then there’s “Conclave,” the highbrow Vatican thriller with 11 BAFTA nominations and four wins, including Best Film. However, BAFTA’s track record as an Oscar predictor is shaky — only “Oppenheimer” (2023) and “Nomadland” (2020) have lined up in the past decade.

So, what will take the crown? Which actors will leave with gold? And what can past races tell us about how this one might shake out? Let’s dive in with five revelations below and five anonymous Oscar ballots.

More anonymous ballots will be shared before the final predictions, which will be revealed on Wednesday, Feb. 26.

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