Rare Thirteen Star Flag and Olympic Medal Set Auction Records

04/09/2013     News and Film

Two lots from yesterday 's American Furniture, Folk & Decorative Arts sale set auction records a rare 18th century, thirteen-star flag, which realized $212,500 and an exceptional 1904 St. Louis Olympic participation medal, which achieved $31,300. The sale of the thirteen-star flag is the highest-known price realized for a flag of this kind, one which was constructed and used when the United States was comprised of only thirteen states. This is the third consecutive time an auction record has been achieved for the sale of a flag at Freeman 's American Furniture, Folk & Decorative Arts auction over the last 18 months. The Grand Division of Color of the 8th Virginia Regiment achieved a stunning $422,500 in November 2012 and the Historic USS Constitution Colors from the Collection of H. Richard Dietrich Jr. realized $784,500 in April 2012.Another first achieved by Freeman 's is the sale of a rare Olympic participation medal, which sold for $31,300. Due to very limited participation in the 1904 Games, this medal is considered one of the rarest, and thereby, one of the most desirable. "We are thrilled to have achieved another auction record for a rare flag at Freeman's as well as a record for an Olympic medal. We're honored to offer these historic objects at America's oldest auction house," said Chairman Samuel "Beau" Freeman. Added Senior Vice President and Americana Department Head Lynda Cain, "It 's very timely that Freeman 's sold this Olympic medal since Philadelphia recently threw its hat into the ring for the 2024 Olympics. Philadelphia is a city of firsts. Perhaps a Summer Games here, like the medal we sold, would break some records as well."