People walk outside the Zappeion conference hall in central Athens, Tuesday, Feb. 26, 2019. The Zappeion was used as the main fencing hall in the first modern Olympic games in 1896 and later as the Olympic Village. Credit: Petros Giannakouris / AP

BOSTON — A rare first-place medal from the first modern Olympic Games has sold for more than $180,000.

Boston-based RR Auction said Friday that the winning bidder for the silver medal from the 1896 games in Athens, Greece was a collector based on the East Coast. The company estimated before the auction that the first place medal could fetch about $75,000.

In this photo provided by RR Auction of Boston, a silver medal from the 1896 Olympics is shown. Credit: Nikki Brickett/RR Auction via AP

At the inaugural Olympiad, first-place winners were awarded silver medals and second-place finishers earned bronze, the auction house said. There was no award for placing third.

“Any winner’s medal from the historic debut of the 1896 Olympic Games remains exceedingly rare,” Bobby Livingston, RR Auction’s executive vice president, said.

Unlike today’s games where thousands of athletes compete, just 250 were featured at the first modern games, the company said.

The auction began July 15 and concluded July 22.

Other notable items sold include a gold medal bestowed on the Argentinean men’s football team during the 2008 Beijing Summer Olympics that went for more than $97,000.

A gold medal for the U.S. men’s basketball team during the 1984 Los Angeles Summer Olympics also sold for more than $83,000.

And a gold medal awarded to Swedish wrestler Ivar Johansson during the 1932 Los Angeles Summer Olympics sold for more than $45,000.