Former Huddersfield Town star Ray Wilson’s 1966 World Cup medal has been sold at auction for a stunning £136,000.

The gold medal had been given an estimated price of £120,000 but the bidding war at Graham Budd Auctions at Sothebys soon comfortably eclipsed that.

Graham Budd said: “It has been sold to Nigel Wray, chairman of Saracens Rugby Club who has probably one of the biggest collections of sporting memorabilia in the country – The Priory Collection. I think the price is about right and makes it the fourth most expensive football medal to be sold at auction.”

Ray Wilson: in pictures

Sir Stanley Matthews’ 1953 FA Cup Final medal was also sold for an amazing £220,000, nearly four times its £60,000 guide price. It was sold on behalf of Nick Hancock, former presenter of BBC TV’s They Think It’s All Over, who bought it for £20,000 in 2001.

Another football medal which sold for £44,000 was that of Jimmy Greaves, who did not play in the World Cup Final and received his medal in 2009.

The Wilson medal is made of solid gold by Peka and inscribed FIFA World Championship Winners, Jules Rimet Cup.

It is not the first time it has been auctioned. It sold in 2002 for £80,750 when the full-back, who now lives in Slaithwaite, decided to sell it.

Other World Cup winners’ medals to have sold for huge sums include Nobby Stiles’ medal bought by Manchester United for £188,000 in 2010 and one won by Alan Ball sold for £165,000.