BOSTON, MASS.- An elusive Athens 1896 Olympics Silver 'First Place' Winner's Medal sold for $111,960, according to Boston-based RR Auction.

The inaugural modern Olympiad witnessed first-place winners adorned with silver medals, making this specific medal a true embodiment of the origins of Olympic excellence. Notably, during the 1896 Olympic Games, there was no third-place award, adding to the rarity of any winner's medal from this historic event. Any winner's medal from the historic debut of the 1896 Olympic Games remains exceedingly rare, and this marvelous example is one of the finest encountered.

"This Athens 1896 Olympics Silver 'First Place' Winner's Medal is a magnificent and historic artifact that captures the essence of the birth of the modern Olympic Games. The impressive price achieved reflects the immense significance collectors place on these rare and iconic pieces of sporting history," said Bobby Livingston, Executive Vice President at RR Auction.

Further notable items featured in the Olympic-themed Auction comprise, among others:

• London 2012 Summer Olympics Gold Winner's Medal Awarded to Cuban Boxer Roniel Iglesias sold for $83,188.

• Tokyo 1964 Summer Olympics Gold Winner's Medal and Competitor's Badge for Football sold for $67,759.

• Lake Placid 1980 Winter Olympics Torch sold for $56,250.

• Athens 1896 Olympics Bronze Winner's Medal with a rare original case sold for $55,000.

• Oslo 1952 Winter Olympics Silver Winner's Medal sold for $46,926.

• Paris 1924 Summer Olympics Gold Winner's Medal sold for $46,279.

RR Auction's Olympic Memorabilia auction began on December 15 and concluded on January 18.