The Hobbit: An Unexpected Journey has been beaten out by Les Miserables and Life of Pi at the British Academy Film Awards.
Peter Jackson's epic failed to take home any Baftas despite being nominated in the make up and hair, sound and special visual effects categories.
Les Miserables took best make up and hair and sound, while Life of Pi took best special visual effects.
The loss does not bode well for The Hobbit's Oscar hopes.
It is nominated for best makeup and hairstyling, production design and visual effects at the February 24 awards ceremony.
Bafta winners 2013:
Outstanding British Film
Daniel Day-Lewis, Lincoln
Emanuelle Riva, Amour
Christoph Waltz, Django Unchained
Anne Hathaway, Les Miserables
Outstanding British Debut
Film Not in the English Language
Silver Linings Playbook
Searching for Sugar Man
EE Rising Star
Make up and hair
Special visual effects
Life of Pi