I recall many believing Cher would win. Moonstruck was a very popular movie, Cher had been very good in Silkwood and was overlooked for a great unnominated performance in Mask.
I don't think Holly Hunter's win would have been a shock. There was talk of Sally Kirkland being a very dark horse. Ironweed was not a particularly successful film and Meryl had already won two oscars (Kramer v. Kramer, Sophie's Choice) in very recent memory.
In retrospect, it seems that Glenn Close might have been a favorite, but I don't recall that being the case at all.
Did Cher deserve an oscar for Moonstruck? I thought she was fine in it but I don't think she deserved the oscar. Arguably, it was the least interesting performance of those nominated. In my opinion Cher was more impressive in The Witches of Eastwick (the same year) than she was in Moonstruck.
Who gave the most memorable performance by a leading actress that year? In my opinion it was Diane Keaton in Baby Boom.
In addition to Keaton, there was great work, not nominated, by Lilian Gish in The Whales of August, Maggie Smith in The Lonely Passion of Judith Hearne, Angelica Huston in The Dead (although this was probably more of a supporting (ensemble member) performance; btw The Dead was IMHO the year's best movie, thought it was not nominated for best picture), Christine Lahti in Housekeeping, and Emily Lloyd in Wish You Were Here.
Lloyd won the National Society of Film Critics Award, second place went to Keaton, third to Hunter. Hunter won the New York Film Critics Award. Hunter and Kirkland shared the LA Film Critics Award. The Globes went to Cher and Kirkland. Gish and Hunter tied for the Nat Board of Review award.
Updated On: 10/22/13 at 02:17 PM