The film also earned the awards for Best Adapted Screenplay and Film Editing.
Ang Lee earned the Best Director accolade for his work on Life of Pi, which also won for Best Cinematography, Visual Effects and Original Score.
Jennifer Lawrence scooped up the Best Actress statuette for her performance in Silver Linings Playbook, while Daniel Day-Lewis took home an unprecedented third Best Actor Oscar for his work in Lincoln.
Although Lincoln led the field with 12 nominations, it only won one other award -- for Best Production Design -- Sunday night.
Writer-director Quentin Tarantino picked up the Oscar for Best Original Screenplay for Django Unchained, while that film's scene-stealer Christoph Waltz was declared Best Supporting Actor. Waltz previously won the Oscar in the same category for his work in another Tarantino flick, Inglourious Basterds.
Anne Hathaway earned the Best Supporting Actress Oscar for her performance in Les Miserables. The movie musical won the awards for Sound Mixing, and Hair and Makeup, as well.
Adele won the Best Original Song Oscar for the title theme to Skyfall.