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Jesse Owens gold medal sells for $1.47 million

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The gold medal which Jesse Owens won in the 1936 Olypmics in Berlin has not surprisingly turned out to be worth a fortune. ESPN reported on Dec. 8, 2013, the gold medal which was awarded to Jesse Owens in the 1936 Olympics in Berlin sold for $1,466,574 early on Sunday morning. This was the highest price which was ever paid for one piece of Olympic memorabilia.

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The previous highest price paid for Olympic memorabilia was $865,000 paid last April for a silver cup which was won by the winner of the first modern-day Olympic marathon in 1896. Prior to that Mark Wells' gold cup from the 1980 ice hockey team sold for $310,700 in 2010. SCP auction president David Kohler has said, "Worldwide attention garnered by the auction of Jesse Owens 1936 Gold medal and the extraordinary auction result proves that Owens' triumphant legacy continues to endure."

The Los Angeles Times reported that an anonymous person won the online bidding for the Owens medal with an offer of $1,466,574. The medal had been given by Owens to his friend Bill "Bojangles" Robinson, who was a dancer and movie star, as a token of appreciation for helping Owens get into the entertainment business. Adolf Hitler watched the competition at the 1936 Olympic games where Owens won four gold medals.

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