(Image source from: Olympic gold medal fetches a fortune)

An Olympic gold medal won by Jesse Owens at the 1936 Berlin Games has gone under the hammer for a record setting $1.4 million in an online auction.

SCP Auctions said Pittsburgh Penguins co-owner Ron Burkle paid $1,466,574, the highest price for a piece of Olympic memorabilia. The online auction ended Sunday.

"We just hope that it's purchased by an institution where the public could have access to it, a museum or something like that," Owens' daughter, Marlene Owens Rankin of Chicago, told The Associated Press before the sale.

The auction house said Burkle, who also owns William Faulkner's Nobel Prize for literature, has plans for an educational tour of the historic pieces. He wasn't available for comment Sunday.

The Los Angeles billionaire investor's holdings include retail, food and entertainment companies.

Owens won gold in the 100- and 200-meters, 400 relay and long jump at the games attended by Adolf Hitler, who used the Olympics to showcase his ideas of Aryan supremacy.

Content Source: abc 15

AW: Suchorita Dutta Choudhury