Best Actress winner Frances McDormand had her prized Oscar  stolen after a man ran off with her award at an after party.

McDormand won the coveted award at the Hollywood ceremony on Monday (AEDT) for her role in Three Billboards Outside Ebbing, Missouri, before a man allegedly swiped it from her table while it was unattended at The Governor’s Ball after party.

McDormand was spotted crying outside the ball after giving up the search for the statuette on the premises, and departed with her husband, filmmaker Joel Coen, USA Today reported.

The alleged thief was photographed with the award when stopped by a photographer for celebrity chef Wolfgang Puck. He was eventually found by security with the award in hand and was quickly turned over to police.

Security at the Governors Ball are looking for this guy, who grabbed Frances McDormand’s Oscar and ran out with it. Wolfgang Puck’s photographer stopped him, got the Oscar back, and the guy disappeared back into the ball. Apparently Frances has said to let him go. #Oscars #Drama pic.twitter.com/5tlsx4Ulwt

— Cara Buckley (@caraNYT) March 5, 2018

The Los Angeles Police Department identified the man as Terry Bryant, 47, who was charged with grand theft. Bail was set at $US20,000 ($26,000).

A video that posted live on a Facebook page that appeared to belong to Bryant showed him kissing and flaunting a statuette during the Governor’s Ball, AP reported.

“Look it, baby. My team got this tonight. This is mine,” he said holding the award towards the camera and kissing it on the head.

Mr Bryant also solicited congratulations from those near him.

“Who wants to wish me congratulations?” he said to those walking by, before posing for several selfies.

“You know what, I can’t believe I got this.”

A representative for McDormand later released a statement saying the star was “happily reunited” with her award.

“Fran and Oscar are happily reunited and are enjoying an In-N-Out burger together,” the spokeswoman said.

Meanwhile, Emma Watson raised eyebrows when she revealed a new tattoo at the Vanity Fair after party in tribute to the Time’s Up movement that is helping to fight sexual harassment in the film industry.

Emma Watson seems to be missing an apostrophe on her Time's Up tattoo pic.twitter.com/aHtBng9Lhh

— Elliot Wagland (@elliotwagland) March 5, 2018

Watson, 27, flaunted the tattoo – which many onlookers said appeared to be temporary – on her right arm.

However, fans were quick to point out a grammatical error, with the tattoo missing an apostrophe.

The actress’ tattoo read “Times Up” instead of saying “Time’s Up”.

Emma Watson got a “Time’s Up” tattoo but it’s missing the apostrophe. I sooooo thought she was better than that. #oscars

— Kayleigh Ryan (@K4yry) March 5, 2018

Well however bad your day’s been.. you could always be Emma Watson(’)s tattoo artist!

— Tony Shepherd (@tonysheps) March 5, 2018

Others pointed out the hashtag #TimesUp, which was at the forefront of the movement, does not actually have an apostrophe.

Either way, Watson has played a significant part in the Time’s Up movement, recently donating $1 million to anti-harassment campaigns.