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In 2001 Banks sold his World Cup Winners medal at Christie's auction house in London.
The medal sold for £ 124, 750, exceeding the initial estimate of £ 90, 000.
Banks said the decision to sell was difficult – the 4 – 2 cup final victory over West Germany at Wembley was the greatest day of his career.
But the former Leicester and Stoke City keeper wanted to save his children the burden of deciding what to do with the medal after his death.
The proceeds of the medal were divided between them.
Banks's international cap from the same match was also sold in the same auction.
It sold for £ 27, 025.

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