Olympic Games manifesto sells for auction record of USD 8.8 million

A new auction world record for an item of sports memorabilia was set Wednesday when the original Olympic Games manifesto sold for USD 8.8 million at Sotheby's, the auction house said.

Anshramehdi

AnshramehdiBy Anshramehdi

Published on 19 Dec 2019 4:47 AM GMT

Olympic Games manifesto sells for auction record of USD 8.8 million
X
Olympic Games manifesto sells for auction record of USD 8.8 million
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • koo

New York: A new auction world record for an item of sports memorabilia was set Wednesday when the original Olympic Games manifesto sold for USD 8.8 million at Sotheby's, the auction house said.

ALSO READ: Firing on Shiv Sena functionary in Mumbai; assailant nabbed

The 14-page manuscript was written in 1892 by Pierre de Coubertin, a French aristocrat and athletics enthusiast known as the "father" of the modern Olympics.

It achieved nearly nine times its pre-sale estimate of USD 1 million following 12 minutes of intense bidding at a sale in New York, Sotheby's said in a statement.

"Today's record result stands as a testament to Pierre de Coubertin's vision of more than a century ago, and the reverence with which the Olympic games are still held," said auctioneer Selby Kiffer.

Coubertin outlined his vision for reviving the ancient Olympic Games as a new, international competition in the manifesto.

He argued that athletic endeavour had benefits for individuals and society.

ALSO READ: Bengal peaceful as no fresh violence reported over new citizenship law

The manuscript is the only known copy of the speech which Coubertin delivered in Paris in 1892.

Coubertin founded the International Olympic Committee two years later and the first modern Games took place in 1896 in Athens.

The previous world auction record for sports memorabilia was the USD 5.6 million paid in June for a jersey worn by baseball legend Babe Ruth, Sotheby's said.

ALSO READ: Twitter Criticises Alia Bhatt for Sharing Wrong Preamble Amid CAA Protests

Anshramehdi

Anshramehdi

Next Story