The CG visuals surrounding the sinking and destruction of the ship were considered spectacular . Despite criticism during production of the film , it received a record-tying 14 Oscar nominations ( tied with '' All About Eve '' ) at the 1998 Academy Awards . It won 11 Oscars ( also tying the record for most Oscar wins with '' Ben-Hur '' and later '' The Lord of the Rings : The Return of the King '' ) , including : Best Picture , Best Director , Best Art Direction , Best Cinematography , Best Visual Effects , Best Film Editing , Best Costume Design , Best Sound Mixing , Best Sound Editing , Best Original Dramatic Score , Best Original Song . Upon receiving the Best Director Oscar , Cameron exclaimed , " I 'm king of the world ! " , in reference to one of the main characters ' lines from the film . After receiving the Best Picture Oscar along with Jon Landau , Cameron asked for a moment of silence for the 1,500 men , women , and children who died when the ship sank
1998 Academy Awards
70th Academy Awards
James Cameron