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tonyPick writes:

Spotted over at The Scientist is the report that the winning bidder will return Watson's Nobel prize medal following the auction last week.

It turns out that James Watson’s Nobel Prize medal, which he won in 1962 for co-discovering the structure of DNA, will be staying with the biologist after all. The Russian entrepreneur Alisher Usmanov, who paid $4.1 million for the medal at an auction last week (December 4), will return the prize to its original owner, The New York Times reports.

The New York Times' report adds:

Mr. Usmanov said his father had died of cancer, so he valued Dr. Watson’s contributions to cancer research. “It is important for me that the money that I spent on this medal will go to supporting scientific research,” [Usmanov] said, “and the medal will stay with the person who deserved it.”