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Nobel Peace Prize medal sells for $1.38 million at auction

Published on Mar 29, 2014 3:32 AM

(REUTERS) - A 1936 Nobel Peace Prize medal, only the second such medal to be sold at auction, has fetched US$1.1 million (S$1.38 million) in a sale to a private Asian collector, auctioneers Stack's Bowers said on Friday.

Four collectors from around the globe bid aggressively on the medal at the auction in Baltimore, Maryland, on Thursday evening, pushing the final price, which included the buyer's premium, far above the presale estimate of up to US$100,000.

"It is sort of the ultimate trophy. We call this the world's most famous medal," John Kraljevich, a consultant at Stack's Bowers, said in an interview.

Since 1901, Nobel Peace Prizes have been awarded 94 times, according to the prize website. Fifteen of them have been awarded to women.

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