The 20,000-piece coin collection of Danish butter magnate Lars Emil Bruun is set to go on sale 100 years after his death, and it could fetch up to $72 million.
The vast coin collection of a Danish butter magnate is set to finally go on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold. Deeply moved by the devastation of World War I, he wanted the collection to be a reserve for Denmark, fearing another war.
Now, over a century since Bruun’s death at the age of 71 in 1923, New York-based Stack’s Bowers, a rare coin auction house, will begin auctioning the collection this fall, with several sales planned over the coming years. On its website the auction house calls it the 'most valuable collection of world coins to ever come to market.' The collection's existence has been known of in Denmark but not widely, and it has has never been seen by the public before.
We chose coins that were unique. They are described in literature as the only existing specimen of this kind,' said senior researcher Helle Horsnaes, a coin expert at the national museum. 'The pure fact that this collection has been closed for a hundred years makes it a legend,' Horsnaes said. 'It’s like a fairytale.'
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Vast coin collection of Danish magnate is going on sale a century after his deathThe vast coin collection of a Danish butter magnate is set to finally go to on sale a century after his death, and could fetch up to $72 million. Lars Emil Bruun, also known as L.E. Bruun, stipulated in his will that his 20,000-piece collection be safeguarded for 100 years before being sold.
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Danish butter magnate Lars Emil Bruun's vast coin collection hitting auction block 100 years after he diedThe vast coin collection of a Danish butter magnate is finally set to go on sale a century after his death and could fetch up to $72 million, its auction house says.
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