Colman was nominated three times for the Academy Award for Best Actor. At the 3rd Academy Awards ceremony he received a single nomination for his work in two films; "Bulldog Drummond" (1929) and "Condemned" (1929). He was nominated again for "Random Harvest" (1942) before winning for "A Double Life" (1947), in which he played the role of Anthony John, an actor playing Othello who comes to identify with the character. He also won the Golden Globe Award for Best Actor in 1947 for his role in "A Double Life". In 2002, Colman's Oscar statuette was sold at auction by Christie's for US$174,500.