Toys: Awards and nominations
| Year | Category | Subcategory | Info |
|---|---|---|---|
| 1994 | Italian National Syndicate of Film Journalists | Nominee Silver Ribbon | Best Production Design (Migliore Scenografia) (Ferdinando Scarfiotti) |
| 1993 | Academy Awards, USA | Nominee Oscar | Best Art Direction-Set Decoration (Ferdinando Scarfiotti, Linda DeScenna) |
| 1993 | Academy Awards, USA | Nominee Oscar | Best Costume Design (Albert Wolsky) |
| 1993 | Academy of Science Fiction, Fantasy & Horror Films, USA | Nominee Saturn Award | Best Fantasy Film |
| 1993 | Academy of Science Fiction, Fantasy & Horror Films, USA | Nominee Saturn Award | Best Actor (Michael Gambon) |
| 1993 | Academy of Science Fiction, Fantasy & Horror Films, USA | Nominee Saturn Award | Best Actor (Robin Williams) |
| 1993 | Academy of Science Fiction, Fantasy & Horror Films, USA | Nominee Saturn Award | Best Supporting Actress (Robin Wright) |
| 1993 | Academy of Science Fiction, Fantasy & Horror Films, USA | Nominee Saturn Award | Best Music (Hans Zimmer, Trevor Horn) |
| 1993 | Academy of Science Fiction, Fantasy & Horror Films, USA | Nominee Saturn Award | Best Costumes (Albert Wolsky) |
| 1993 | Berlin International Film Festival | Nominee Golden Berlin Bear | (Barry Levinson) |
| 1993 | Razzie Awards | Nominee Razzie Award | Worst Director (Barry Levinson) |
| 1992 | The Stinkers Bad Movie Awards | Nominee Stinker Award | Worst Picture (Mark Johnson, Barry Levinson) |