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Michigan Post > Blog > Sports > Greg Louganis sells Olympic medals as part of his journey to self-discovery (and Panama)
Sports

Greg Louganis sells Olympic medals as part of his journey to self-discovery (and Panama)

By Editorial Board Published September 3, 2025 6 Min Read
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Greg Louganis is starting a new chapter in his life.

The U.S. diving legend has auctioned off three of the five Olympic medals he won between 1976-1988, sold his home and is parting with most of his other possessions as part of a journey of self-discovery that is taking him, at least for now, to Panama.

“So, as life moves forward, what are you prepared to leave behind?” Louganis wrote Friday in a Facebook post. “I am 65 years old, and I am asking just that. I am no longer who I used to think I was. Not even close to ‘What’ other people or ‘Who’ other people think I am.”

Louganis shared some details of his plan in that post and expanded on them on two Instagram Live posts, one recorded from Los Angeles in his final night in the United States and the other recorded the following day from Panama City, the first stop in a journey that will eventually take him and his dog Gerald to Boquette.

That’s where they’re going to settle down — “for now,” Louganis said on Instagram.

“I don’t know how permanent, or, you know, I don’t know how long it’s gonna be,” he said. “I’m just embracing the ‘I don’t know,’ and also staying open for discovery. I think that’s what this part of my life is about, being open to discover what’s next and really, really, really do my best at being present in every place I go with every person I meet.”

About a year ago, Louganis said, he was in a bad place mentally, feeling “really, really alone and isolated.”

“It was really, really severe, real bad depression,” Louganis said. “And now I’m realizing, I have things to offer. So what that is and what that looks like, I haven’t figured it out. And I think that that’s what this is kind of about, is recalibration and figuring out what is next. … and just discover who I am too. I mean, that’s a big question.”

Greg Louganis spreads his arms and bends at the waist while in mid-dive over the water

U.S. diver Greg Louganis spreads his arms and bends at the waist while in mid-dive during a springboard diving competition.

(Sadayuki Mikami / Associated Press)

Louganis says part of the process has been letting go of many of the items he didn’t realize were weighing him down. Last month, he received more than $430,000 at auction for three of his Olympic medals ($201,314 for his 1988 gold medal in 10-meter platform, $199,301 for his 1984 gold medal in 3-meter sprinboard and $30,250 for his 1976 silver medal in 10-meter platform).

“I needed the money,” Louganis wrote on Facebook. “While many people may have built businesses and sold them for a profit, I had my medals, which I am grateful for. If I had proper management, I might not have been in that position, but what is done is done; live and learn.”

Louganis has not mentioned what, if anything, happened with his other two gold medals, won in 1984 for 3-meter springboard and in 1988 for 10-meter platform.

Also on his posts, Louganis mentions that he sold his home last week. Public records list Louganis as the owner of a residence in Topanga. According to Zillow, a house at that address sold on Aug. 28 for $750,000.

As for most of his other belongings, Louganis wrote, “I decided to donate, sell what can be sold, give gifts, and give where things might be needed or appreciated. … A thought occurred to me, I had many friends, people I was close to, lost everything in the Woolsey Fire, and then the Palisades Fire just this year.

“I know I am choosing to do this, but their resilience is an inspiration for me to start anew, with an open heart and an open door. Opening up to possibilities.”

On Instagram, Louganis described the experience as “freeing.”

“The memories will always be in here,” Louganis said, placing his hand over his heart. “And so the other things are just stuff, you know? We don’t realize how much we hang on to, and what I’m also learning now in this process is how oftentimes we don’t realize they weigh us down. You know, like the shipping, the storage, all of that stuff.

“Actually, I was kind of discussing that with Michael Phelps, because he heard that I auctioned my medals. He said, ‘How was that?’ I said, ‘You know what it was? It was a relief, you know, because then it was like it was a weight off my shoulders.’”

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