Estonia sporting heroine Erika Salumae has sold her two Olympic gold medals for STG50,000 ($A84,830) in London, auctioneer Graham Budd says.
Salumae won a gold in track cycling at the 1988 Seoul Olympics when representing the USSR and when she repeated her success four years later in Barcelona it meant she'd won Estonia's first Games gold medal since the Baltic state gained independence from Soviet-bloc control in 1991.
The two medals sold for STG25,000, each with the total value of the sale of various items from Salumae's career, including five world championship medals, STG80,000.
That included 8,000 for her winning bike in Barcelona.
"The two gold medals sold for more than double our estimate of 9000-12,000 each," Budd said, adding "the bike was a most unusual item to have in the sale".
Budd, one of Britain's leading auctioneers of sports-related items, said he was not at liberty to name the buyers of the two gold medals.
Twice a world champion, Salumae, 51 and who now lives in Denia, southern Spain, is recovering from back surgery and Estonian media reported she had organised the sale to help pay for her medical costs.
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