Jesse Owens 1936 Olympic Gold Medal Sells for Nearly $1.5 Million

Jesse Owens 1936 Olympic Gold Medal Sells for Nearly $1.5 Million

Update (12/9/13): The Jesse Owens 1936 Olympic Gold Medal sold for $1.46 million yesterday. The amount is the highest ever paid for a piece of Olympic memorabilia. The buyer is Ron Burkle, co-owner of the Pittsburgh Penguins.

Jesse Owens set a pair of Olympic records at the 1936 games. One of his gold medals is expected to break one more when SCP Auctions sells it in December.

It is one of four gold medals won by Owens at the games that year in front of Adolf Hitler and the Nazi party. Owens won gold medals for the USA in the 100 meter, 200 meter, 400-meter relay and long jump. He also broke a pair of Olympic records in the process. It is not known which event this medal comes from.

Jesse Owens 1936 Olympic Gold Medal 260x122 Image

After the Olympics, Owens gave the medal to actor Bill "Bojangles" Robinson, who was able to help the athlete find work in Hollywood.

SCP Auctions, which is based out of California, is selling Jesse Owens gold medal on behalf of the estate of Robinson's late widow, Elaine Plaines-Robinson.

The medal is expected set a record for Olympic memorabilia and top $1 million.

Bidding opens on the SCP Auctions website on Wednesday, November 20, running through Saturday, December 7.

Other high-profile items in the auction include Shane Victorino's series-clinching grand slam ball from Game 6 of the 2013 ALCS, a 1949 Jackie Robinson game-used bat, a 1955 World Series Jackie Robinson game-used bat and the highest graded Jackie Robinson single-signed baseball.

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2213429553034040 1 Image
1936 BERLIN Reemstma CARD # 26 Olympia Band II Jesse Owens LONG Sammelwerk # 14
$24.99
2213429564484040 1 Image
1936 BERLIN Reemstma CARD # 34 Olympia Band II Jesse Owens WYKHOFF MEATCALFE
$24.99
2213429574884040 1 Image
1936 BERLIN Reemstma CARD # 32 Olympia Band II Jesse Owens Sammelwerk
$24.99
2512535443934040 1 Image
CASSIUS CLAY MUHAMMAD ALI 1971 MANAMA 5 STAMP SET JOE FRAZIER JESSE OWENS THORPE
$49.99
3808512579514040 1 Image
1977-1979 SPORTSCASTER #01-04 JESSE OWENS ITALY POP 3 PSA 10 X1545807
$53.99
2715786537634040 1 Image
1977 JESSE OWENS SPORTSCASTER CARD BECKETT RAW CARD REVIEW 9
$149.95
1114377563504040 1 Image
JESSE OWENS: 1937 OGDENS CARD, PSA 7.5, NM+!!!!
$99.95
2715787272194040 1 Image
1983 Hostess Olympic Panel Jesse Owens
$12.99
3809779057804040 1 Image
Jesse Owens Auto Signed Pictorial History American Sports PSA DNA 1936 Olympics
$399.00
2011515473324040 1 Image
Lincoln-Mercury Promo-Jesse Owens-Bart Starr-Sharon Moran-Byron Nelson Autograph
$449.99
3706613088394040 1 Image
JESSE OWENS - ANNOTATED ALBUM LEAF SIGNED WITH CO-SIGNERS
$2,699.10
3809769205954040 1 Image
RARE: German Tobacco cards Jesse Owens Muhlen Franck original !
$29.00
3511462700044040 1 Image
JESSE OWENS-200 M OLYMPIC RECORD-1936 OLYMPIC GAMES BERLIN: SOUVENIR PHOTO-RARE
$10.00
2911339161694040 1 Image
JESSE OWENS Track & Field USA 1981 SVIJET SPORTA CARD Rare!
$49.95
1509584956064040 1 Image
1987 Jesse Owens Ohio Sport Legends Pin
$19.99
1214105567214040 1 Image
1979 Brooke Bond -- JESSE OWENS -- BVG BGS 9.5 -- GEM MINT -- Olympics Legend
$20.00
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Ryan's collecting origins began with winter bike rides to the corner store, tossing a couple of quarters onto the counter and peddling home with a couple packs of O-Pee-Chee hockey in his pocket. Today, he continues to build sets, go after inserts with cool technologies, chase Montreal Expos and finish off his John Jaha master collection. Ryan can be found on Twitter @tradercracks and Google+.

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