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You Won't Believe Price for Jesse Owens' 1936 Olympic Medal

The sale sets a new record for Olympic memorabilia.

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You Won't Believe Price for Jesse Owens' 1936 Olympic Medal

A gold medal won by Jesse Owens during the 1936 Olympic games shattered the record for all Olympic memorabilia when it was auctioned off for $1,466,574. The previous record was for the April sale of a silver cup won by the victor of the marathon at the 1896 Games, which was the first of the modern era. That piece of Olympic history sold for $865,000, according to AIPS.

Owens won gold medals at the 1936 Olympics in Berlin in the 100m, 200m, 4 x 100m and Long Jump. This medal is reportedly the only one of the four left in existence, and there is nothing on the medal to indicate what event it was awarded for.

Ron Burkle, who owns a stake of the NHL's Pittsburgh Penguins, purchased the medal, according to BusinessWeek.

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