One of the most valuable Olympic torches used to ignite the ceremony flame is up for auction, and its bidding price starts at a whopping $151,250.
The listing for the 1960 Squaw Valley Winter Olympics torch was created by RR Auction on June 18, and described it as 'one of the rarest' ever made.
The design was inspired by Ralph Lavers' work on the Olympic torches used in 1948 and 1956. Only 23 are in existence.
The ultra-rare Olympic torch has received nine bids since RR Auction placed the listing on its website, and it is worth more than $500,000.
The bidding war for the rare Olympic torch will end on July 18 - eight days before the start of the 2024 Summer Olympic Games in Paris.
Designed by John Hench, the legend from The Walt Disney Company decided to make the Winter Olympic torch smaller than others in the past, according to The Walt Disney Family Museum.
The silver aluminum torch measures and measuring 19" long, and it was lit for the first time in Morgedal, Norway.
RR Auction mentioned that the torch has three Olympic rings cutouts around the bowl with the words - 'VIII Olympic Winter Games.'
It also has the words 'Olympia to Squaw Valley' below the bowl, which signifies the torch's initially-planned route from Greece to California.
'The torch exhibits some minor scuffing to the bowl and handle,' RR Auction wrote in its description.
'Consignor notes that this was acquired from the estate of a California state employee who was responsible for the safety of the torch runners.'
Hench's smaller torch made it easier for torchbearers to carry during the Olympic Games.
He also added black tape to it before the ceremony so that runners could pass the Olympic torch easily and ensure a stable grip.
'Walt Disney served as chairman of the Pageantry Committee for the 1960 Squaw Valley Games, whose duties included the organization of the torch relay,' RR Auction wrote.
'John Hench, designed the torch, the 16-foot snow sculptures that lined the Avenue of Athletes, and the massive, 79-foot-tall Tower of Nations that marked the staging area where the opening and closing ceremonies were held.'
The initial design stayed the same despite the torch lighting location being moved to Norway at the last minute.
After the Olympic torch was lit in Morgedal, it was taken to Copenhagen, Denmark via Oslo by car, and then flown to Los Angeles.
Over 600 torchbearers carried the Olympic torch during a relay through Bakersfield, Fresno, Stockton, San Francisco, and Sacramento before arriving at Squaw Valley.
Skier Andrea Mead Lawrence then carried the torch on the day of the Opening Ceremony, and was accompanied by members of the National Ski Patrol.
The Olympic torch was passed on to Kenneth Charles Henry, who lit the cauldron at Blyth Memorial Arena.
The 1960 Olympic torch that is available for auction was kept at an undisclosed location, but others used by torchmen in those days are occasionally found for sale online.
A modern-day Olympic torch based on Hench's design at the Walt Disney Family Museum in San Francisco.
Hench was inducted into the Disney Legend program in 1990, and a number of torch designs since the 1960 Winter Olympics have been influenced by the designer's work.