The 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.
Copenhagen, Denmark — 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, its auction house says.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.
His wealth allowed him to pursue his hobby, attending auctions and building a large collection that came to include 20,000 coins, medals, tokens and banknotes from Denmark, Norway and Sweden. Following the devastation of World War I and fearing another war, Bruun left strict instructions in his will for the collection. 'For a period of 100 years after my death, the collection shall serve as a reserve for the Royal Coin and Medal Collection,' it stipulated.
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