Olympic Diver Greg Louganis Sells Medals for $437K to Fund Panama Move

Olympic diving legend Greg Louganis, a five-time medalist, has sold three of his Olympic medals and his California home to fund a relocation to Panama, citing financial necessity and a desire for personal reinvention at age 65. The auction of two gold medals and one silver medal raised over $430,000, exceeding initial estimates, allowing Louganis to start anew after facing financial struggles partly due to limited endorsement opportunities during his career linked to his sexuality. Louganis openly acknowledged the need for money and reflected on how proper management might have prevented this situation, emphasizing his hope to rediscover himself without external distractions. The devastating fires in Los Angeles and personal battles with severe depression also influenced his decision to leave the U.S. and seek a fresh start. Despite his iconic status and historic achievements, including being the first male diver to win both springboard and platform golds in consecutive Olympics, Louganis has faced significant challenges beyond his athletic success. He expressed gratitude for his medals while embracing his new life with an open heart and a commitment to nurturing his spirit through life’s experiences.