1936 Olympic medal sees $50,500 with Graham Budd Auctions

With the market for Olympic memorabilia strong, a gold medal from the 1936 Winter Olympics has sold with top results at Graham Budd Auctions.

1936 Winter Olympics medal
The Winter Olympics medal is the largest and one of the rarest ever made

Crossing the block on May 22-23 at Sotheby's New Bond Street, London showrooms, the medal saw the highest bids of the day, totalling £30,000 ($50,499).

It is one of the rarest of all Olympic medals, with only 36 awarded to contestants during the event, the lowest number in history.

The medal is also the largest ever created, decorated with Victory holding a laurel leaf while riding in her quadriga, and a bobsled, ski, hockey stick and skate below.

The 1936 Olympics are notorious as those held under the Nazi regime in Germany, with Jesse Owens famously triumphing against racism to win four gold medals. It was also the last year that both the summer and winter games were held in the same country.

One of Owens' four gold medals, which sold in December 2013 for $1.4m, holds the record for Olympic memorabilia at auction.

Also featuring in the sale was a gold medal from the 1928 Winter Olympics in St Moritz, won by an unknown competitor. Showing a skater among falling snowflakes, it made $40,399.

Paul Fraser Collectibles has a fantastic selection of sports memorabilia to choose from in our online store.

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