Olympic rings sketch fetches $216K

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    AN original drawing of the Olympic rings by the founder of the modern Games, Pierre de Coubertin, has fetched 185,000 euros ($216,302) at auction in Cannes, the auction house said.

    “The drawing was sold to a Brazilian collector for a price of 185,000 euros plus 27% costs, or 234,950 euros,” Alexandre Debussy, associate director of Cannes Encheres, told French media.

    Coubertin created the interlocking rings, which are colored blue, yellow, black, green and red on a white field, in 1913. They officially debuted at the 1920 Olympic Games in Antwerp.