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Original drawing of Olympic rings sells for 185,000 euros
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The giant Olympic rings are pictured two days before the start of the one-year countdown to the Tokyo Olympics that have been postponed to 2021 due to the COVID-19 outbreak, at the waterfront area at Odaiba Marine Park in Tokyo, Japan July 21, 2020. (Reuters/Issei Kato)
A
n original drawing of the Olympic rings by the founder of the modern Games, Pierre de Coubertin, has fetched 185,000 euros ($216,302) at auction in Cannes, the auction house said.
"The drawing was sold to a Brazilian collector for a price of 185,000 euros plus 27% costs, or 234,950 euros," Alexandre Debussy, associate director of Cannes Encheres, told French media.
Coubertin created the interlocking rings, which are colored blue, yellow, black, green and red on a white field, in 1913. They officially debuted at the 1920 Olympic Games in Antwerp.
The Olympic Manifesto, which was written by Coubertin in 1892 and led to the revival of the Olympic Games, sold for over$8 million at an auction in New York City in December last year.
