Oscar nominees take home serious swag with luxury gift bags

Not everyone gets to take home an Oscar, but for the select few that are nominated, there are still plenty of rewards. The nominees of the five major categories receive gift bags valued at over $200,000, which include all-expense paid trips to Japan and Israel.

Distinctive Assets, the company that distributes these lavish items, is not affiliated with The Academy, but over the past decade it has attached itself to the biggest event in Hollywood by showering celebrities with gifts.

Watch the Oscars this Sunday on ABC! Live red carpet coverage begins at 5 p.m. ET | 4 p.m. CT | 2 p.m. PT with "ON THE RED CARPET AT THE OSCARS." Check your local listings.