Jan 07, 2014 01:19 PM EST By Sam Machado

Matthew McConaughey as Oscars 2014 Winner? Liza Minnelli Says 'If You Don't Win, I'll Give You Mine' For 'Dallas Buyers Club' [VIDEO]

Matthew McConaughey may win the Oscar this year...but if he doesn't, then Liza Minelli might give him the one that she won.

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If Matthew McConaughey does not win an Oscar this year, music icon Liza Minnelli said she will give him the one she has.

Focus Features threw a luncheon Monday, Jan. 6, in New York City for East Coast Academy members to celebrate the success of McConaughey's latest film Dallas Buyer's Club, also starring Jared Leto and Jennifer Garner.

Dallas Buyers Club is the Oscar's leading contender going into awards season in the spring, according to The Hollywood Reporter, 

Minnelli hosted the event due to her love of the film and in front of the film's cast and crew gave a speech on how the film "drew you in, whether you wanted it to or not." She also made note of McConaughey's efforts to prepare for the role of electrician and hustler Ron Woodroof, who helped AIDS patients get the medication they need after he is himself diagnosed with the disease.

"You, crazy Matthew, losing all of that weight," she said to McConaughey, referring to the actor's 38-pound weight loss for the film. "It's one thing to lose all of that weight to look like that- that's harrowing enough- but then to run like you did, with a body like that?"

She added that McConaughey deserves to win an Oscar for his role, saying, "Honey, if you don't win the Academy Award, I'm giving you mine."

Minnelli also applauded Leto and Jennifer Garner on their parts in the film.

"And Jared, I mean, everything that you did- all of the placements, every single second," Minnelli said. "I felt wonderful for you, proud of you and sorry for you all at the same time, which I think only feels for your friends. And Jennifer (Garner) was great- she was just f---ing great!"

Dallas Buyers Club takes place in Dallas, Texas in 1985, where Ron Woodroof (McConaughey) is a racist and homophobic man who finds out that he's been diagnosed with the AIDS virus. Leto plays a transgender named Rayon and Garner plays Dr. Eve Saks.

Voting for the Oscars ends at 5 p.m. PT on Wednesday, Jan. 8. 

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