April 16, 2011— -- Academy Award-winning actor Nicolas Cage has been arrested in New Orleans on one count of domestic abuse and one count of disturbing the peace, according to police records. Bond is currently set at $10,000 for the domestic abuse charge and $1000 for the charge of disturbing the peace.
It is still unknown when Cage, 47, will appear in court. As of Saturday afternoon the actor was still in custody.
According to the New Orleans Police Department, Cage was arguing with his wife in front of a home at 11:30 p.m. Friday on Dumaine Street in the city's French Quarter, insisting that the house they were in front of was their rental property, Nola.com reported.
Police said that Cage grabbed Kim by her upper arm and dragged her towards the property that he believed they were renting -- there were no visible signs of injury to Kim's arm.
The actor then began to strike cars in the immediate vicinity and attempted to jump into a taxi. At this point a police officer "immediately observed that Cage was heavily intoxicated and ordered him out of the cab, which prompted Cage to start yelling.''
Cage allegedly said to the police "Why don't you just arrest me?," gossip website TMZ.com reported.
The website also stated that Kim is not a complaining witness, does not want her husband to be charged and that witnesses have said that there was no physical contact between the two. Cage has been married to the former waitress Kim since July 30, 2004. The two had a son, Kal-El, in 2005.
The actor has been nominated for an Academy Award twice throughout his lengthy Hollywood career, and he won the Oscar for Best Actor in a Leading Role for his portrayal of an alcoholic spiraling out of control in 1995's "Leaving Las Vegas."
Born Nicolas Kim Coppola, Cage changed his name to avoid the appearance of nepotism, as he is the nephew of legendary film director Francis Ford Coppola. Cage has previously been married to Patricia Arquette and Lisa Marie Presley.
Nicolas Cage: Known for His Temper On and Off the Screen
Late last year Nicolas Cage -- who is known to fly off the handle in memorable performances in films such as "Moonstruck" and "Adaptation." -- made the news for his off-screen temper.
While leaving a night club in Romania, where he was on location filming the sequel to his 2007 smash hit "Ghost Rider," the actor was filmed exploding into a rage during an altercation with a companion.
In an outburst outside of the nightclub, Cage was taped screaming: "I thought we were brothers, man," and "I'll die in the name of honor!"
TMZ has also previously reported that the actor is currently facing major financial troubles. A federal tax lien from 2009 showed that Cage owes over $6.7 million in taxes for 2008.
Cage's former financial manager Sam Levin told TMZ that Cage has "15 palatial homes around the world, four yachts, a Gulfstream jet and millions of dollars in jewelry and art."
Cage made news earlier this week when a missing mint copy of Action Comics No. 1 -- the comic book debut of Superman -- belonging to him surfaced in a San Fernando Valley storage locker. The comic, which has been authenticated, was stolen from Cage more than a decade ago, according to Detective Don Hrycyk with the Los Angeles Police Department's Art Theft Detail.
Cage accepted an insurance payout after the theft, so it is unclear if he will regain his missing comic.