Shlomo Rechnitz, a Los Angeles entrepreneur and philanthropist, bought the Olympic autographed patch of Israeli bronze medalist judoka Yarden Gerbi for $52, 100.
Twenty-two people placed 87 bids during the weeklong auction on eBay that closed Monday. At first the buyer was not identified.
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Rechnitz bought the name patch and donated the money to the Tel Aviv Sourasky Medical Center. The interesting business figure will be putting the name patch back on Ebay to sell again. Every penny of the proceeds will be going to the very same hospital in Tel Aviv to be used to purchase medical equipment.
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Rechnitz have become internationally known from buying 400 soldiers hot meals during a stop-over in an airport in Shannon, Ireland. In January 2016, Rechnitz purchased nearly 18, 000 Powerball tickets for every employee and resident of his California nursing home empire. Rechnitz owns Park Avenue Healthcare & Wellness Center in Pomona.
