The Briton won the International Cycling Union (UCI) world sprint title in Copenhagen in 1909, Brussels in 1910, Rome in 1911 and Berlin in 1912.

His medals from those events are among the items due to go up for sale at Gildings Auctioneers in Market Harborough next Tuesday (February 18). 

Other items due to be up for sale are Bailey's competitor badge from the 1908 Olympic Games in London, where he competed in the sprint and 5,000 metres, failing to reach the final in either event. 

The team badges he was awarded when he was Britain's cycling team manager at the 1936 and 1948 Olympic Games in Berlin and London will also be up for auction.

Bailey's World War One service medals are being auctioned as well.

The items are expected to raise between £500 ($649/€595) and £800 ($1,039/€951). 

"In an Olympic year it’s a pleasure to offer collectors the chance to own memorabilia going back eight decades," Gildings director Will Gilding told the Harborough Mail. 

"Bill Bailey’s international achievements all that time ago are testament to the fact that recent British successes in the world of cycling are a resurgence of previous glories rather than an entirely new phenomenon."

Bailey turned professional in March 1914, but could not compete due to World War One.

In 1920, he returned to the track and won a bronze medal in the sprint at the UCI World Championships in Antwerp. 

Bailey died in 1971, aged 82.