Sweden Studies Bid; Medals Fetch Top Prices; Olympics Drive Investment

(ATR) Sweden studying Stockholm 2022 bid ... Olympic medals big winners at auction ... Foreign investment up after London 2012 ... More inside this Olympic Newsdesk ...

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Poland's Justyna Kowalczyk (C) competes during the Women's 1.1 kilometer cross country World Cup Royal Palace Sprint on March 20, 2013 in Stockholm. AFP PHOTO/JONATHAN NACKSTRAND        (Photo credit should read JONATHAN NACKSTRAND/AFP/Getty Images)
Poland's Justyna Kowalczyk (C) competes during the Women's 1.1 kilometer cross country World Cup Royal Palace Sprint on March 20, 2013 in Stockholm. AFP PHOTO/JONATHAN NACKSTRAND (Photo credit should read JONATHAN NACKSTRAND/AFP/Getty Images)

Stockholm to Study Bid

The Swedish Olympic Committee will study a bid for the 2022 Olympics.

A post on the committee’s website on Thursday called for stakeholders to study a potential bid.

Signed by Swedish Olympic Committee president Stefan Lindeberg, the statement says the Games would take place in Stockholm, and mountain events are scheduled for Are.

The high costs of Sochi are acknowledged by the committee, which says it would conduct a "reasonable" Games.

"There are many indications that such a candidacy can be successful," the statement says.

"All of Sweden" would need to support the bid for it to move forward.

Lindeberg was quoted telling the TT news agency: "Perhaps this is a unique chance that we have. That alone makes it worth trying."

Stockholm hosted the 1912 Summer Olympics.

Olympic Medals Prove Popular

Soon after Sochi unveiled the designs for the 2014 Olympic winners’ medals, memorabilia collectors snapped up earlier prizes in a mail bid auction.

A 1972 Sapporo bronze medal for ice hockey – won by Czech goalkeeper Vladimir Dzurilla – fetched $18,400 (including 15 percent commission) in Ingrid O’Neil’s recent auction. A gold medal from the 1912 Stockholm Games had a final price of $9,315 and a bronze medal for gymnastics from the 1960 Rome Olympics sold for $7,762.

A silver medal from the AAU 880-yard run held in conjunction with the 1904 St. Louis Olympics cost $11,385, while a silver in the "all-around" AAU championship went for $9,775.

However, a gold medal for ice hockey from the 1964 Innsbruck Olympics is still available at $13,500, which is 90 percent of its estimate of $15,000, plus $2,025 buyer’s fee.

Bidding was intense for National Olympic Committee pins from the 1948 London Games. A delegation pin from the Republic of China (along with two undated pins) sold for $1,932, while a Turkey pin from 1948 fetched $949. Both lots carried estimates of $300.

Torches used in the 2008 and 2012 relays are still hot commodities, with collectors paying $5,951 for a Beijing torch and $8,050 for a London example.

Unsold lots, including torches, winners’ medals, pins, badges and other collectibles may be purchased at www.ioneil.com.

Olympics Deliver Foreign Investment

The 2012 London Olympics delivered a $3.8 billion boost in foreign direct investment for the British capital, according to preliminary figures released this week by UK Trade & Investment. The data also shows more than 31,000 jobs were created by the spending.

"The 2012 Olympics were a once in a generation opportunity for the UK to showcase to the world Britain’s compelling investment offer and these preliminary figures are very encouraging," said trade minister Stephen Green.

"Foreign investment creates hundreds of thousands of jobs and helps to increase the productivity and competitiveness of the UK economy. It’s a vital strand of the Government’s plan for growth."

The UK retained its rank as Europe’s leading destination for foreign investment.

Written by Ed Hula III, Karen Rosen and Nicole Bennett.

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