The gold throne that Bradley Wiggins sat on after winning gold at the Olympics failed to sell at auction.
The "magnificently kitsch" chair was expected to sell for £10,000 to £15,000 at Sotheby's in central London. But the maximum bid was for £9,500, and because it did not reach the reserve price, the throne was not sold.
Graham Budd Auctions, representing a theatrical props company that owns the chair, said it was absolutely astonished it did not sell. Graham Budd, sports memorabilia auctioneer, said: "I think it would be a conversational piece, and it is magnificently kitsch."