Bradley Wiggins' Olympics gold throne fails to sell at auction

The gold throne that Bradley Wiggins sat on after winning gold at the Olympics failed to sell at auction (PA)

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."