The rare first-place medal from the first modern Olympic Games has been sold for more than $180,000. The auction began on July 16 and concluded on July 22. The winning bidder for the silver medal from the 1896 games in Athens, Greece was a collector based on the East Coast, said Boston-based RR auction on Friday. 

Before the auction, the company estimated that the first place medal could fetch about $75,000. When the first modern Olympics were held in Athens in 1896, winners did not get gold medals instead they got silver medals and the runner-ups earned bronze. For the third-place winners, there were no awards. 

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One of those exceedingly rare first-place silver medals was for sale in an Olympics-themed auction. The nearly 200-lot sale hosted by RR Auction also included a gold medal won by the 1984 US men’s basketball team during Los Angeles Summer Olympics sold for more than $83,000 and several Olympic torches, including one used during last year’s torch relay. 

Other notable items sold included a gold medal bestowed on the Argentine men’s football team during the 2008 Beijing Summer Olympics that went for more than $97,000. Another gold medal awarded to Swedish wrestler Ivar Johansson during the 1932 Los Angles Summer Olympics was sold for more than $45,000.

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RR Auction’s executive vice president, Booby Livingston said that any winner’s medal from the historic debut of the 1896 Olympic Games remains exceedingly rare. Unlike today’s games where thousands of athletes compete and hundreds of events are held, the 1896 Olympiad featured only 250 athletes. All men athletes from more than a dozen nations competing in 10 sports.