London 2012 Olympics auction sees strong results in final sale

An Olympic torch signed by gold medal-winning sailor Ben Ainslie scored the highest price in the final auction of memorabilia for the London 2012 Olympic Games.

London 2012 Olympic opening ceremony
Props and costumes from the spectacular opening ceremony proved some of the most popular items in the sale

The live auction was held April 27-28 at Coventry's Ricoh Arena in the UK. The torch sold for £2,000 ($2,605), with a scarecrow used during the opening ceremony matching its price.

A Team GB cycling jersey signed by medal winners Sir Chris Hoy and Victoria Pendleton made £640 ($833), while diver Tom Daley's swimming trunks brought £540 ($703).

However, beating both of these prices was a large version of a specially issued stamp featuring runner Mo Farah, which sold for £860 ($1,120), combining the collecting fields of sports memorabilia and philately.

Other popular items included props and costumes used during the breathtaking opening ceremony, with a Mary Poppins outfit selling for £200 ($260).

Money raised in the auction will go to the London Organising Committee of the Olympic and Paralympic Games (LOCOG), though director Chris Holmes told the BBC: "If there are any profits we will be making a statement in May about where they will be distributed."  

For those that missed out on the auction, Paul Fraser Collectibles has this brilliant signed photograph of charismatic Olympic champion Usain Bolt - the world's fastest man.

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