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420,000 GBP
0 Bid(s)
1
0 GBP
GBP
300,000 - 400,000 GBP
Live auction
Lot closed
Lot location
London
The exceptionally rare Helsinki 1952 Olympic Games silver bearer's torch one of only 15 made and this example complete with original burner, designed by Aukusti Tuhka, manufactured by Kultakeskus Oy, Hameenlinna, the bowl in hallmarked silver with raised Olympic Rings and laurel wreath, inscribed XV OLYMPIA HELSINKI, 1952 , further inscribed to rim beneath the bowl HELSINGFORS, HELSINKI, the handle in birch wood, length 59cm., 23 1/2in. At the Helsinki 1952 Olympic Games only a total of 22 torches were manufactured, 15 with hallmarked silver bowls and 7 in plate with a plainer, simpler design. Compare this to the 8,000 torches produced for the most recent Summer Games in London in 2012 and the all-time record number of 15,000 torch bearers employed for the Sochi 2014 Winter Games. In the book Tuli Olympiasta [Came To Olympia) by Terttu Mammela, 2012, there is a detailed explanation in the chapter 'After the Olympic Games' on why the silver 1952 Helsinki Olymic Games torch is singularly the rarest bearer's torch in the history of the Olympic Games: "Of the original 15 silver torches five had been lost during the relay - four in Greece and one in Kokkola, Finland. After the relay the remaining ten torches were cleaned and repaired. Three silver torches were donated to the Olympic Committees of the countries that had hosted the torch relay: Greece, Denmark and Sweden. They were received by their respective high representatives who were present at the Olympic Games Poul Ingholt, President of the Danish NOC; Jean Ketseas, Greek Member of the IOC; and Prince Bertil of Sweden. The Greek and Danish torches are still in possession of the respective National Olympic Committees. The Swedish torch probably changed hands in the 1960s. The airline company SAS (Scandinavian Airlines System), which had flown the Olympic flame from Greece to Denmark, also received a silver torch. It was handed to the company's Finland manager Lennart Rehnqvist on 30th August 1952, and he passed it onto the traffic and sales director Johannes Nielsen in a ceremony held in Stockholm on 1st September. The company used the torch as a challenge trophy for its employees' national sports club. The first winner of the yearly contest was the Danish club. The torch served in this capacity for about 10 years but was later forgotten. It re-emerged in 1994 and is now a cherished item in possession of SAS. The Organising Committee had promised a silver torch to seven more recipients, but since only six were left, one more copy was commissioned from the manufacturer in October 1952. By the end of 1952 four museums had received a silver torch: The Sports Museum of Finland, the Helsinki City Museum, the provincial museum in Tornio and the Olympic Museum in Lausanne, Switzerland. The remaining three silver torches were given in 1955 to the three central sports federations in Finland: The Finnish Gymnastic and Sport Federation (SVUL), the Workers' Sport Federation (TUL) and the Swedish-language sport federation CIF. All seven torches donated to the museums and sports federations are still in possession of the original recipients. The seven brass torches all survived after the torch relay. They were donated to the six members of the torch relay committee and to Erik von Frenckell, President of the Organising Committee of the Olympic Games. Today the whereabouts of the six brass torches are known. They are all in private ownership. The five silver torches that were lost during the relay have dispersed into private collections over the decades. Because of their extremely limited number the Helsinki Olympic torches have become most valuable collector items. In the 21st century their auction prices have skyrocketed. In the winter of 2011 one Helsinki silver torch fetched over 340,000 Euros in an auction in Paris." As a footnote to the auction report in the final paragraph, the silver torch sold in Paris did not have its original burner.
Sporting Memorabilia
Live
Venue address
Sotheby's
34-35 New Bond Street
London
W1A 2AA
United Kingdom
Sporting Memorabilia

Auction dates
18 May 2015 10:30 BST
Lots: 1 to 604
19 May 2015 10:30 BST
Lots: 605 to 1273
Viewing dates
17 May 2015 12:00 - 17:00 BST
18 May 2015 09:00 - 17:00 BST
19 May 2015 09:00 - 17:00 BST
Auction currency
GBP
Accepted cards

STORAGE, COLLECTION AND SHIPPING LOGISTICS

Payments in person can be made in the saleroom on the day of the auction and on receipt of cleared funds, lots can be collected from the saleroom during the auction or immediately after its completion.

Thereafter, all purchase lots will be transferred to Graham Budd Auctions' storage facility in Enfield, north London. Please contact the auctioneer for full details. All collections are strictly by pre-arranged appointment. Alternatively, we can organise packing for postage and shipping on a worldwide basis. Please contact us for a quote. Buyers are reminded that it is their responsibility to comply with UK export regulations and with any local import requirements.

IMPORTANT INFORMATION FOR BIDDERS & BUYERS

 

Conditions of Business

 

All lots are offered subject to Graham Budd Auctions Ltd’s (GBA) Conditions of Business.

 

Starting Bid

 

For each lot there is a published minimum starting bid.

 

Buyer’s Premium & VAT

 

A buyers premium of 17.5% is applicable to all lots in this sale.  The buyers premium is subject to VAT at the standard rate (20%). Lots are normally offered for sale under the auctioneers margin scheme and VAT on the buyers premium is payable to all buyers. Lots subject to VAT will include the symbol †.</b> These items will be charged at the 20% on both the hammer price and the buyers premium

 

Pre-Sale Viewing

 

For invited guests to the event, all lots will be available for viewing prior to the auction. Absentee bidders should contact the auctioneer if further information is required.

 

Bidding in Person

 

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Absentee bidders

 

The auctioneer will be accepting bids from absentee bidders. All bids must be submitted in writing in good time by post, fax or e-mail. Additionally, there will be a telephone bidding facility, but subject always to the availability of lines & staffing. These services are offered free of charge and are subject to our Conditions of Business, which can be read in full at our website www.grahambuddauctions.co.uk. Please contact the auctioneer if you require further information.

 

Online Bidding

 

The auctioneer will also offer an online bidding service, free of charge, via the-saleroom.com. In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed with GBA you: authorise GBA, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and confirm that you are authorised to provide these credit card details to GBA through www.the-saleroom.com and agree that GBA are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.

 

Payment

 

Payment is due in sterling immediately after the sale and before purchases can be released. Payments in person can be made in the saleroom immediately after the auction, after this payments must be made by post, card transactions by telephone or electronic transfer to our bank.

 

Methods of Payment

 

Graham Budd Auctions Ltd welcome the following Methods of Payment:

 

Credit/Debit Card

 

We are pleased to accept major credit cards (regrettably we are unable to accept American Express card payments), for which a surcharge will be made of 3% of the transaction total. This is to cover the charge made to us by our bank. There is no charge for payments made by debit card.

 

Sterling Bankers Draft or Building Society Sterling Cheque

 

Drawn on a recognised UK bank or building society. Please note that the auctioneer requires seven days to clear sterling cheques and we always reserve the right to hold goods until a cheque is cleared. This policy can only be overridden if the auctioneer receives authority otherwise from the Charity for which it is acting as agent in this auction.

 

Cash

 

Cash payments will be accepted up to a maximum of £6,000.

 

Electronic Transfer

 

Our bank details are:

 

Barclays Bank plc

 

Sort Code: 20-71-74

 

Account: 60420255

 

Account Name: Graham Budd Auctions Ltd

 

IBAN: GB64BARC20717460420255

 

SWIFT/BIC: BARCGB22

 

Paypal

Paypal payments can be made to gb@grahambuddauctions.co.uk. Please contact the auctioneer to be notified of the Paypal charge that will need to be added to the invoice total.

 

Collection or delivery or lots

 

On receipt of cleared funds, lots can be collected from the venue on the evening of the auction. Thereafter GBA can supply competitive quotations for the delivery of uncollected lots, including packing and shipping on a worldwide basis. Arrangements should be made within 14 days of the auction. Thereafter the auctioneer reserves the right to apply storage charges on uncollected purchases.

 

 

Conduct of the Auction

 

The auctioneer will commence the bidding at the “starting bid” as published in the auction catalogue and advance the bidding in such increments as he considers appropriate. The contract between the buyer and the seller is concluded on the striking of the auctioneer’s hammer. The auctioneer shall have discretion to refuse bids, withdraw or re-offer for lots for sale (including after the fall of the hammer) if he believes that there may have been an error or dispute, and may also take such other action as he reasonably deems necessary. Title in a lot will not pass to the buyer until GBA has received the purchase price in cleared funds.

 

Remedies for non-payment

 

Without prejudice to any rights that the seller may have, if the buyer fails to make payment for the lot, GBA may in its sole discretion exercise one or more of the following remedies:-

 

(a) cancel the sale of the lot;

 

(b) charge interest at 4% per annum above The Bank of England’s Base Rate from the payment date to the date that the purchase price is received in cleared funds;

 

(c) re-sell the lot by auction or privately, with the new sale price at GBA’s discretion, in which case the buyer will be liable for any shortfall between the original purchase price and the amount achieved on re-sale;

 

(d) commence legal proceedings to recover the purchase price for the lot, plus interest and legal costs;

 

(e) disclose the Buyer’s details to the seller to enable the seller to commence legal proceedings.

 

Data Protection

 

GBA will use information supplied by bidders or otherwise obtained lawfully by GBA for the provision of auction related services, client administration, marketing and as otherwise required by law. By agreeing to these Conditions of Business, the bidder agrees to the processing of their personal information and to the disclosure of such information to third parties world-wide for the purposes outlined in the above service provisions, and to the seller solely in the event on non-payment.

 

Miscellaneous

 

a) All images of lots, catalogue descriptions and all other materials produced by GBA are the copyright of GBA.

 

b) These Conditions of Business shall be interpreted in accordance with English Law, under the exclusive jurisdiction of the English Courts, in favour of GBA.

 

Four Sessions

Monday 18th May 10.30am. Lots 1-293
Boxing, Cricket, Golf, Motor Sport & Racquet Sports

Monday 18th May 2pm. Lots 294-604
Mixed Sporting Content, Basketball, Lacrosse, Horse Racing, Rowing, Snooker, Athletics,
Olympic Games & Football

Tuesday 19th May 10.30am. Lots 605-935
Football continued

Tuesday 19th May 2pm. Lots 936-1273

Football continued

Buyers Premium: 17.5% + 3% saleroom.com commission 

Lots purchased online with the-saleroom.com will attract an additional charge for this service in the sum of 3% of the hammer price plus VAT at the rate imposed

Buyers Premium: 
A buyers premium of 17.5% is applicable to all lots in this sale. 
The buyers premium is subject to VAT at the standard rate (20%). Lots are normally offered for sale under the auctioneers margin scheme and VAT on the buyers premium is payable to all buyers. Lots subject to VAT will include the symbol †.
These items will be charged at the 20% on both the hammer price and the buyers premium

Artists Resale Rights: 
Purchase of lots marked with the † will be subject to payment of the Artist's Resale Rights, at a percentage of the hammer price

Shipping:
On receipt of cleared funds lots can be collected from the Sotheby's saleroom on sale day. Thereafter lots will be transferred to storage in Enfield, north London, where they can be collected in person. Alternatively, we ship worldwide. Please contact the auctioneer for further details.