A Stockholm 1956 Olympic Equestrian Games Torch has sold for $412,500 (£245,000/€297,000) - plus 15 per cent buyer's premium - at auction, making it the second most valuable Olympic Torch ever auctioned.
The extremely rare item, believed to be one of only five of its kind, more than doubled its expected price tag of $175,000 (£104,000/€127,000) when it was sold by specialist Olympic memorabilia auctioneer Ingrid O'Neil in the United States.
"The auction went very well - as you can imagine I was quite surprised about the level of interest and the amount it sold for," O'Neil told insidethegames.
"It also made for an extremely happy consignor."
The Stockholm 1956 Torch is second only to one from the Helsinki 1952 Games, which sold for €290,000 (£239,000/$403,000) at a Paris auction in 2011, in terms of Torch value, but an Olympic gold medal won by Jesse Owens at Berlin 1936 remains the record holder for the amount paid for an item of Olympic memorabilia.
That medal was sold to an anonymous bidder for $1,466,574 (£897,445/€1,070,056) last December.
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April 2014: Stockholm 1956 Olympic Equestrian Games Torch expected to fetch $175,000 at auction
December 2013: Owens' Berlin 1936 Olympic gold medal sells for nearly $1.5 million
April 2012: Cup won by 1896 Olympic marathon winner returns to Greece for world record fee