1956 Olympic Games torch auctions for $412,500


2015-06-26 13:42:09


1956 Olympic Games torch auctions for $412,500

A rare torch from the equestrian events of the 1956 Olympic Games has auctioned in the US

An Olympic torch from the equestrian events of the 1956 Games has sold for $412,500 in the US.

In doing so it has become the second most valuable Olympic torch ever auctioned, behind the $490,000 achieved by a 1952 Helsinki Games example in 2011, more than doubling its $175,000 estimate in the process.

1956 Stockholm Olympic torchJust five Stockholm torches exist, ensuring a strong price

Rarity was a major factor behind the torch's strong showing.

Due to Australian quarantine restrictions, the Games' equestrian events took place in Stockholm rather than Melbourne, and just five torches were produced for the Sweden-based competitions.

Auctioneer Ingrid O'Neiltold Paul Fraser Collectibles: "This was probably the only opportunity right now to buy a Stockholm torch, and that's why it resulted in that price."

The April 26 saleof Olympic memorabilia also featured Ernst Baier's gold medal from the figure skating at the 1936 Winter Olympics in his native Germany.

Against a $55,000 estimate it made $70,000.

Baier won the gold in the pairs competition, partnering Maxi Herber. The pair were the first to perform side by side jumps in competition, and are regarded as revolutionaries in the sport.

They went on to marry in 1940.

The record for Olympic memorabilia remains a gold medal won by Jesse Owens in defiance of Hitler at the 1936 Berlin Games. It sold for $1.4m last year.

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