The first year of the Academy Awards covered films released between August 1, 1927 and July 31, 1928. Thus the oddly truncated Silent Oscar award season for 1927.
Plenty of good movies to choose from, though.
By the way, the Lon Chaney movie, The Unknown, is relatively unknown (hardy har har), but is actually a better showcase of his acting than The Hunchback of Notre Dame or The Phantom of the Opera. Not to mention it's the most macabre version of O. Henry's "The Gift of the Magi" ever. Directed by the great Tod Browning (Dracula, Freaks), it's must-see movie watching.
Just make sure you've tamped your lunch down tightly ahead of time.
Picture: Metropolis (prod. Erich Pommer)
Actor: Lon Chaney (The Unknown)
Actress: Clara Bow (It)
Director: Fritz Lang (Metropolis)
Supporting Actor: Rudolf Klein-Rogge (Metropolis)
Supporting Actress: Brigitte Helm (Metropolis)
Screenplay: Thea von Harbou, from her novel (Metropolis)