'Miracle on Ice' gold medal sold
DALLAS -- A 1980 "Miracle on Ice" Olympic gold medal has been sold at public auction for nearly $311,000.
The medal belonged to Mark Wells, then a 21-year-old center for the U.S. hockey team. He sold the medal this year to a private collector, who consigned it to Heritage Auctions of Dallas.
Heritage said Saturday that the winning bid during Friday's auction was three times higher than the pre-sale estimate. Heritage president Greg Rohan said the winning bidder was a rancher from the western U.S.
Sixteen collectors made bids online or by phone. The winning bid was $310,700.
The Americans' medal-round defeat of the overwhelming favorite Soviet Union at Lake Placid is commonly called the "Miracle on Ice." The U.S. went on to defeat Finland for the gold.
Copyright 2010 by The Associated Press