A gold medal from the 1956 Melbourne Olympics is a rare auction treat so appreciated by collectors that they paid more than double lower catalogue estimate at Leski Auctions two-day February sporting memorabilia sale.
The gold medal (lot 1026), awarded to Australia’s Anthony “Tippy” Marchant in the 2000-metre Tandem Cycling Final, was knocked down for $70,000 on a $30,000-$40,000 estimate.
Marchant won the medal with his teammate the late Ian “Joey” Browne (...