Former Olympic torchbearers cashing in with online auctions

Former Olympic torchbearers cashing in with online auctions

POSTED: Tuesday, May 22, 2012 - 6:00am

UPDATED: Tuesday, May 22, 2012 - 6:04am

The 2012 London Olympic gold torches are already appearing on eBay, with one selling for nearly $240,000. Experts estimate the torch is only worth $8,000.

Olympic organizers were surprised sales came this quickly. Former British Olympic champion Jonathan Edwards reacted to the trend.

“People buy them, they’re private property and I think as a member of the organizing committee, they just have to go to a good home,” stated Edwards.
 

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