27 Aug 2008

China to auction off Olympic memorabilia

7:14 pm on 27 August 2008

China plans to auction off 20 million items related to the Beijing Olympics, including the bed slept in by basketball star Yao Ming while taking part in the Games.

Also on the block will be electric appliances used by Liu Xiang, the celebrity 110m hurdler forced to quit the Games with an injury, and ancient musical instruments from the opening ceremony.

The auctions will be conducted by the China Beijing Equity Exchange, which mostly sells off shares in state-owned enterprises to private buyers.

It has been reported the auctions could raise as much as $200 million.