A 1936 Olympic gold medal won by Jesse Owens sold for an astronomical $1.47 million at an auction on Sunday. The sale effectively set a new record for the highest price ever paid for Olympic memorabilia.
The winning bidder, billionaire investor and Pittsburgh Penguins co-owner Rob Burkle, intends to use the piece for a future educational tour.
The medal is one of four claimed by Owens at the 1936 games in Berlin. Owens won the 100 and 200 meter sprints, the long jump and ran the opening leg for the winning 4x100 meter U.S. relay team.
It's unknown where the other three original medals are. But if this auction was any indication, they hold tremendous value as well.