| Academy Award Nominations and Winners: |
| ★ | Best Picture |
| ★ | Best Director: Bernardo Bertolucci |
| ★ | Best Adapted Screenplay: Mark Peploe & Bernardo Bertolucci |
| ★ | Best Cinematography: Vittorio Storaro |
| ★ | Best Art Direction: Ferdinando Scarfiotti & Bruno Cesari; Osvaldo Desideri |
| ★ | Best Costume Design: James Acheson |
| ★ | Best Film Editing: Gabriella Cristiani |
| ★ | Best Original Score: Ryuichi Sakamoto, David Bynre, and Cong Su |
| ★ | Best Sound: Bill Rowe & Ivan Sharrock |
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| Golden Globe Nominations and Winners: |
| ★ | Best Picture (Drama) |
| ★ | Best Director: Curtis Hanson |
| Best Actor (Drama): John Lone |
| ★ | Best Screenplay: Mark Peploe, Bernardo Bertolucci, and Enzo Ungari |
| ★ | Best Original Score: Ryuichi Sakamoto, David Byrne, and Cong Su |
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| Other Awards: |
| Directors Guild of America: Best Director |
| New York Film Critics Circle: Best Cinematography |
| Los Angeles Film Critics Association: Best Cinematography; Best Original Score |
| Boston Society of Film Critics: Best Cinematography |
| European Film Awards: Special Jury Prize (for "Cultural and Economic Achievements") |
| British Academy Awards (BAFTAs): Best Picture; Best Costume Design; Best Makeup (Fabrizio Sforza) |
| César Awards (French Oscars): Best Foreign Language Film |