Frances McDormand poses in the press room at the Oscars on Sunday, March 4, 2018, at the Dolby Theatre in Los Angeles. Picture: Jordan Strauss/Invision/AP

Frances McDormand nearly left the Academy Awards empty-handed after someone tried to steal her coveted golden statuette but luckily it was returned to her.

The 60-year-old actress won the coveted golden statuette for Actress in a Leading Role at this year's Academy Awards on Sunday for her role as Mildred Hayes in 'Three Billboards Outside Ebbing, Missouri'.

However, after winning the accolade she placed the golden statuette down for a moment and a man grabbed it and ran for the door, USA Today reported.

"I lost my Oscar," the two-time Oscar winner said, shrugging her shoulders as she left the party, according to video recorded by Reuters Television.

Apparently McDormand was seen crying at the Governors Awards Ball after-party she gave up looking for her statue and left with her husband Joel Coen.

Security were searching for the accolade which luckily already had her name engraved on it and hours later McDormand's representative Simon Halls confirmed the Academy Award winner had been reunited with the accolade.

Hall said in an email: "Fran and Oscar are happily reunited and are enjoying an In-N-Out Burger together."

At the time, New York Times reporter Cara Buckley tweeted a picture of a man who allegedly swiped the prize, saying: "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 (sic)"

However, Los Angeles police said on Monday that party-goer Terry Bryant was arrested on a grand theft charge and was being held on $20,000 (about R238 920) bond. It was unclear if he had an attorney.

Associated Press shared a video which appears to show the man who authorities say stole McDormand's Oscar walking out of the official Academy Awards after-party. The video, shot late Sunday night as many guests were leaving the Governors Ball.

Bryant also reportedly posted a video on social media of himself at the event holding an Oscar statuette and telling other guests he was a winner.

Halls did not say whether McDormand planned to press charges. The Academy of Motion Picture Arts and Sciences, which retains some rights to the Oscar statuettes it hands out, did not return a request for comment on Monday.

Bang Showbiz and Reuters