Newly Found Nobel Peace Prize Auctioned for $1.16M

BALTIMORE -

A 1936 Nobel Peace Prize discovered at a South American pawn shop was sold Thursday to an anonymous collector from Asia for $1.16 million, far more than the New York gallery’s estimate of $50,000 to $100,000, The Associated Press reported. Only the second Nobel Peace Prize to come to auction, its recipient was Argentine foreign minister Carlos Saavedra Lamas, the first Latin American to receive the honor.