If there isn’t already a movie based on this coin story, there might be one someday. CCN says that for one hundred years, a wealthy collector would not let his heirs sell his expensive collections.
The heirs had to wait 100 years before the first set sold for an unbelievable $16.5 M. He was a Danish collector, and Stack Bowers was in charge of the sell.
Danish butter magnate and his coin collection
Lars Emil Bruun passed away in 1923. When his children found out about his will, they were shocked to find that it included an unexpected and strange request. Each of his coins, medals, and notes had to be saved for one hundred years.
This coin collector worked hard for more than 60 years to get all of these expensive items. His will also said that this collection should be kept as a backup for the country of Denmark in case of a disaster.
That way, if Denmark’s national collection of coins were ever lost, there would be a new one. Then he said that this cache could be sold by the heirs if the national reserve was fine after 100 years. In this way, the descendants could use this important collection.
Where did the auction take place?
This great collection was put up for auction in Copenhagen. After 100 years, it sold in less than a year. Fans of coins and medals bid for almost 8 hours.
The truth is that Lars Emil Bruun had 20,000 pieces in his own collection. It cost 14.82 million euros, which is about $16.5 million, to sell the first 286 lots.
Experts at Stack Bowers say that the cache will be the most valuable collection of foreign coins ever sold once it is all sold. Keep in mind that $72.5 million was paid for by insurance.
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