I’m not broke: Gymnast Olga Korbut after selling off her Olympic gold medals | other sports | Hindustan Times
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I’m not broke: Gymnast Olga Korbut after selling off her Olympic gold medals

other sports Updated: Mar 01, 2017 14:41 IST
olga korbut

In this Feb. 14, 2017 photo, Olympic gold medal-winning gymnast Olga Korbut, of Russia, poses iin Scottsdale, Arizona. (AP)

Olga Korbut says a report that she sold three of her Olympic gold and two silver medals at an auction out of destitution is completely false.

Olga Korbut, a gymnast who won a combined four gold medals and two silvers during the 1972 and 1976 Olympics, said she sold them and other memorabilia to share her Games experiences.

“From the very beginning offering my Olympic medals and memorabilia was never about money, it was about sharing my Olympic experiences,” Korbut said in a statement.

“I have a great life in Arizona and I could not be happier. I am not in any financial crisis as has been incorrectly reported by some international media outlets.”

FILE - In this Aug. 31, 1972, file photo, Olga Korbut, USSR, holds up her gold medal in the gymnastics individual event at the summer Olympics in Munich. (AP)

Heritage Auctions said 32 lots of Korbut’s memorabilia were sold for USD 333,504 (about INR 2.3 crore)

“She wanted to actually control how those medals went out into the world,” Elon Werner, director of communications at Heritage Auctions, said in a statement, via USA Today.

FILE - In this March 19, 1973, file photo, gymnast Olga Korbut, of the Soviet Union, does a backward somersault on the balance beam during an exhibition in Philadelphia. At 61, Korbut is at ease with her place in history as she enjoys the quiet life in Arizona. (AP)

Olga Korbut, now 61, won team golds for Russia at the ‘72 Olympics in Munich and four years later in Montreal.

She won gold in Munich on the balance beam and floor exercise and the silver in the uneven bars.

She was a silver medallist in the balance beam at the Montreal Games.