"The bids that came in were at a very low level. The aim was to have a person who would step forward and offer a significant sum," said a disappointed Paulina Sokolow at auction house Bukowski's
The item was put up for auction by campaigner Carlos Luna, who is a friend of Pope Francis. Luna was given the calotte in support of his work to raise money to help begging Roma migrants in Sweden.
"I am very surprised and shocked, since I thought that many of the most well-off people in this country would see their chance and step forward and make a contribution. No-one can do everything, but everybody can do something," Luna said in a press statement.
The calotte will now be returned to its original owner, TT reports.