Wladimir auctions Olympic medal for $1m

Posted on Mar 30, 2012

Wladimir Klitschko raised $1 million (£625,000) for charity on Friday by auctioning off his 1996 Atlanta Olympic Games gold medal. But the Ukrainian quickly got it back.

The charity, a fund for disaffected Ukrainian children, is run by the 36-year-old holder of four heavyweight titles and his older brother Vitali and raised more than $1.5m (£937,500) at the event in Kiev.

The medal Wladimir won when he beat Paea Wolfgramm from Tonga in Atlanta was claimed by an unknown bidder before being returned.

‘Immediately after the sale, the buyer's representative announced his wish to leave the Olympic medal in the Klitschko family,’ the brothers' charity foundation said in a statement.

Other items purchased at the auction included a wristwatch embedded with 412 diamonds that were shaped to look like the imprint of Vitali Klitschko's thumb.

The celebrated boxing brothers also learned that they are set to be honoured by the Boxing Writers Association of America (BWAA) with the James A. Farley Award for ‘Honesty and Integrity in Boxing’ at their annual awards dinner in New York on June 6.

The organization has cited both fighters for conducting themselves as model professionals since turning pro in 1996 and commended them for their charity work with their own foundation and their involvement in the Unesco Program for Children in Need and the Laureus Sports for Good Foundation.