Friday, April 20, 2012

Olympic Games Trophy From First Marathon Sold For $867,000

The first competitive marathon trophy that awarded to the Greek winner at the inaugural modern Olympic Games sold for a record 541,250 pounds ($867,000) by Christie's International in an auction of vintage posters and Olympics memorabilia in London on April 18.

The Breals Silver Cup, presented to Spyros Louis, the winner of the Marathon at the inaugural 1896 Athens Olympic Games.

Olympic Games Trophy From First Marathon  at the inaugural 1896 Athens Olympic Games Sold For $867,000

The trophy was bought by the Eleusina, Greece-based Stavros Niarchos Foundation. The price set a record for Olympics memorabilia at auction, beating the previous high of 290,000 euros ($380,000) paid for a 1952 Helsinki torch.

"Our family has been very proud to have the honor of looking after this important historical sporting trophy for the last 116 years," his grandson, also named Spyros Louis, said in a press release e-mailed by Christie’s International.

The sale of Olympics memorabilia and vintage posters raised a total of more than 1.26 million pounds, including the premium.
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