March 04, 2018 10:48 PM

And the Oscar goes to… Call Me By Your Name!

James Ivory won the Academy Award for Best Writing Adapted Screenplay for the film Call Me By Your Name.

In his moving acceptance speech, Ivory described Call Me By Your Name as “a story familiar to most of us whether we are straight or gay or somewhere in between.”

“We’ve all gone through first love, I hope, and come out the other side mostly intact,” he said. “Though maybe not without the benefit of loving parents like the Pearlmans in this film.”

Jeff Kravitz/FilmMagic

Ivory’s win made history, with the 89-year-old becoming the oldest-ever Oscar winner.

Be sure to check out PEOPLE’s full Academy Awards coverage to get the latest news on Hollywood’s big night.

Ivory beat out Aaron Sorkin for Molly’s Game, The Disaster Artist’s Scott Neustadter and Michel H. Weber, Logan’s Michael Green, James Mangold and Scott Frank and Mudbound‘s Dee Rees and Virgil Williams.

Be sure to check out PEOPLE’s full Academy Awards coverage to get the latest news on Hollywood’s big night.

Everett

Call Me By Your Name follows the story of a teenage boy who comes to grips with his sexual awakening after a male college student begins living with him and his family in Northern Italy one summer.

The film star’s newcomer Timothée Chalamet and Armie Hammer. Ivory accepted the award wearing a classic tux complete with a graphic portraying the film’s leading man emblazoned onto his button-down. He even announced on the carpet that he’s going to give the custom design to Chalamet afterwards.

RELATED: James Franco Out! Greta Gerwig In! Biggest Surprises and Snubs of 2018 Oscar Nominations

The 2018 Oscars were held at the Dolby Theatre at Hollywood & Highland Center on March 4 and were telecast live on ABC.

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