ananyo writes "Francis Crick's Nobel medal fetched US$2.27 million at an auction in New York yesterday. The proud new owner is Jack Wang, chief executive of 'Biomobie' a company that intends to sell walnut-sized, flying-saucer-shaped electromagnetic devices that it claims have medically regenerative powers. The closely-watched sale featured a range of Crick memorabilia that the family had kept in storage for many years. Up for auction along with the medal — awarded for Crick's role in the 1953 discovery of the structure of DNA — were his lab coat, sailing logbooks and garden journals. Expectations were high because the day before, auctioneer Christie's had brokered the sale of a letter from Crick (PDF) to his 12-year-old son for $6 million, more than triple the pre-sale estimate. The letter went to an anonymous bidder. The new owner of the Crick medal is a Chinese-born American who says his motivation for purchasing the medal was to stimulate research into the 'mystery of Bioboosti,' which, he says, produces electromagnetic stimulation that can 'control and enable the regeneration of damaged organs.' Those benefits are, needless to say, so far unproven. Crick's family has said it will donate at least 20% of the proceeds from the sale of the medal and other items to the Francis Crick Institute, a biomedical research centre scheduled to open in London in 2015."