Ryan Lochte Auctioning Off 3 Bronze and 3 Silver Olympic Medals

Update: The proceeds from Lochte’s auction will go to the Jorge Nation Foundation, a charity that raises funds to send seriously ill children on their dream vacations

12-time Olympic medalist Ryan Lochte is auctioning off three of his silver medals and three of his bronze Olympic medals this July. The medals are up for auction at RR Auction out of Boston, Massachusetts.

The medals are broken up into three separate auction items. The first item up for auction is Lochte’s 2004 Athens Olympic silver medal. Lochte won this medal in the men’s 200 IM swimming a time of 1:58.78 just behind Michael Phelps who won gold in a 1:57.14. Currently, there are five bids on the item at $1,075. The item is estimated to be worth $10,000+.

The next item(s) up for auction are Lochte’s two bronze medals from the 2008 Beijing Olympics. Lochte won one of the bronze medals in the 200 IM swimming a time of 1:56.53 behind Hungary’s Laszlo Cseh (1:56.52) and Michael Phelps (1:54.23). The second bronze medal is from the 400 IM. Lochte swam a time of 4:08.09 finishing behind Cseh (4:06.16) and Phelps (4:03.84) once again.

Currently, the two bronze medals have 16 bids now at $14,15o. The current bid is already over the price estimate of $12,000+.

The final auction item is the two silver medals and one bronze medal Lochte won at the 2012 London Olympics. Lochte won one of the silver medals in the men’s 200 IM swimming a time of 1:54.90 to finish behind Phelps who swam a 1:54.27. The next silver medal is from the men’s 4×100 freestyle relay. The team of Nathan Adrian, Phelps, Cullen Jones, and Lochte swam a time of 3:10.38 to finish 0.45 seconds behind France. Lochte also captured the bronze medal in the men’s 200 backstroke. Lochte swam a time of 1:53.94 to finish just behind Japan’s Ryosuke Irie (1:53.78) and Tyler Clary of the United States (1:53.41).

The 200 IM silver and 200 backstroke bronze are Lochte’s last individual medals he won at an Olympics as at the 2016 Rio Olympics he only won a gold medal as a member of the United States Men’s 4×200 freestyle relay. The medals from London currently have six bids and are now at $8,054. The auction-house estimate of their value is over $60,000, though that is much higher than medals of this vintage, especially silver and bronze medals, go for.

The six medals up for auction are all of Lochte’s silver and bronze medals. In total, Lochte won six gold, three silver, and three bronze across the 2004, 2008, 2012, and 2016 Olympics.

In addition, a 14K White Gold Olympic Ring and a watch purchased by Lochte after the 2012 London Olympics are also up for auction. The ring currently has one bid at $500 and is estimated at $8,000+. The watch has three bids and is currently at $605. The watch is estimated at $10,000+.

Olympic medals do come up for sale with some regularity, and the value is often tied to the fame of the person who wins it. The most expensive medal ever sold is believed to be a Jesse Owens gold medal from the 1936 Games, where he famously won three in defiance of the host Nazi Germany and Adolf Hitler. Nobody is certain which of the three gold medals that was, and it sold in 2013 for $1.46 million.

At the time, that was the most-valuable piece of Olympic memorabilia ever sold, surpassing the $865,000 paid for the silver cup that was awarded to the winner of the first-ever modern Olympic Games marathon in 1896, Spyridon Louis of Greece.

In 2005, Swimmer Anthony Ervin auctioned off his 2000 Olympic gold medal in the 50 free for $17,100 to benefit disaster relief from the 2004 tsunami that devastated Indonesia. Ervin would eventually return to the pool to win another one, in the same event, in 2016.

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Coach mary
4 months ago

These comments are not seeming to understand what a great guy Lochte is. He routinely gave away national medals to fans in the past. Now he is giving his medals to be auctioned off for charity. Give the guy a break! He did a free clinic for our team to benefit drowning prevention. He was the easiest least demanding of any Olympians I have hosted!!!

swimfast
4 months ago

This might not be for tight financial reasons but rather because they have become essentially worthless as physical entities to him at this point. Frankly, it’s strange to, after 10+ years, still cart your medals around and show them when most of the time (I’m sure) people don’t ask to see them anymore. I’m sure there are very few reasons after that long that you’ll need the physical medal for any reason other than to gloat. At the 10 year mark, you’re either legendary or not, and people know for a fact that you won the medals, witnessed it on live TV, etc. So, the medals might really not come out of a shoebox because if someone really doesn’t believe… Read more »

Last edited 4 months ago by swimfast
Jamesjabc
4 months ago

I feel like he made a mistake by making 6 medals available. Supply and demand!

He probably could have auctioned off one silver and one (maybe two) bronze and made a similar amount of money, and he would then still have three left to auction off in the future. Having six up for grabs at the same time and bundling some of them together will bring in much less than he could have made. Hopefully the charity gets a lot of money from it.

Ugly IS my alibi
4 months ago

Just occurred to me that I don’t understand his relationship with these medals or with swimming right now. He may not like them. What if he is Marie Kondo-ing his life?

Thunderbolt
4 months ago

While I understand why someone could want to donate to a charity or help a down-and-out athlete they admire, why on earth would anyone want to own another person’s medal?

Ugly IS my alibi
Reply to  Thunderbolt
4 months ago

For this reason, a defined charitable donation would raise a lot more money imo

proctor
4 months ago

get-rich-quick schemes don’t work most of the time and it didn’t for cryptobro Lochte.

Tracy Kosinski
4 months ago

I’m sad to see this. He should be displaying them in his home. I hope he and his family are ok and that someone is kind enough to help him keep those medals! Why would anyone want to take them from him?

Miss
Reply to  Tracy Kosinski
4 months ago

His wife just posted they are going away to Cabo. Look for recommendations for restaurants ans things to do.. So they still spend money like they have it. I remember arods show. He told him not to get the BMW but Kayla wouldn’t drive a buick suv.. told him to not spend a lot on house. He bought one anyways. Cut back on expenses. she is finally working instead of just posted codes.

Mr Piano
4 months ago

Times must be rough

Go Kamminga Go
Reply to  Mr Piano
4 months ago

It’s depressing to see an all-time great have to auction off their medals.

About Anya Pelshaw

Anya Pelshaw

Anya has been with SwimSwam since June 2021 as both a writer and social media coordinator. She was in attendance at the 2022 Women's NCAA Championships writing and doing social media for SwimSwam. Currently, Anya is pursuing her B.A. in Government & Law and Economics at Lafayette College. There she is …

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