COPENHAGEN, Denmark (AP) — 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.
“When I first heard about the collection, I was in disbelief,” said Vicken Yegparian, vice president of numismatics at Stack’s Bowers Galleries.
“We’ve had collections that have been off the market for 100 years plus,” he said. “But they’re extremely well known internationally. This one has been the best open secret ever.”
Born in 1852, Bruun began to collect coins as a boy in the 1850s and '60s, years before he began to amass vast riches in the packing and wholesaling of butter.
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.
“However, should the next century pass with the national collection intact, it shall be sold at public auction and the proceeds shall accrue to the persons who are my direct descendants.”
That stipulation didn’t stop some descendants from trying to break the will and cash in, but they were not successful. “I think the will and testament were pretty ironclad. There was no loophole,” Yegparian said.
Yegparian estimates some pieces may sell for just $50, but others could go for over $1 million. He said potential buyers were already requesting a catalogue before the auction was announced.
The collection first found refuge at former Danish royal residence Frederiksborg Castle, then later made its way to Denmark’s National Bank.
Denmark’s National Museum had the right of first refusal on part of the collection and purchased seven rare coins from Bruun’s vast hoard before they went to auction.
The seven coins — six gold, one silver — were all minted between the 15th and 17th centuries by Danish or Norwegian monarchs. The cost of over $1.1 million was covered by a supporting association.
“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.”
Vicken Yegparian, vice president of numismatics, Stack's Bowers Galleries, holds a silver Norwegian coin from 1628, part of L. E. Bruun's collection, in Zealand, Denmark, May 7, 2024. The 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. (AP Photo/James Brooks)
Coins from L. E. Bruun's collection on display on wooden tray, in Zealand, Denmark, May 7, 2024. The 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. (AP Photo/James Brooks)
Vicken Yegparian, vice president of numismatics, Stack's Bowers Galleries, holds a golden coin once belonging to the collection of Danish king, Frederik VII, now part of L. E. Bruun's collection, in Zealand, Denmark, May 7, 2024. The 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. (AP Photo/James Brooks)
DETROIT (AP) — Byron Buxton hit a home run and a double, Christian Vázquez had a homer and three hits and the Minnesota Twins beat the Detroit Tigers 9-3 on Friday night.
“I think everybody put something on the table to win this game,” said Vázquez, who has three of his five homers this season against the Tigers. “When I swing at pitches at zone, I get different results. I feel good and I have confidence in myself.”
Pablo López (9-7) allowed two runs on six hits in seven innings, striking out seven.
“A lot of my stuff got better toward the end of my outing,” he said.
Tigers starter Keider Montero (1-4) allowed six runs on eight hits in five innings.
With only three healthy starters, Tigers manager A.J. Hinch had to stay with Montero even after he allowed three homers in the first two innings.
“He was going to be out there,” Hinch said. “It's not easy right now — we have been putting together some bullpen games and there are some on the horizon, so Keider had a long leash. With three solo homers, we were still in the game.”
Buxton and Trevor Larnach gave Minnesota a 2-0 lead with back-to-back homers in the first, and Matt Wallner added a home run in the second.
Javier Báez hit his second homer in as many days to make it 3-2 in the third.
“I'm feeling good at the plate,” said Báez, who is hitting .179 with three homers. “I've been working a lot to play better, and if I can stay hot, I can have a big second half.”
The Twins regained control with three runs in the fourth.
Willi Castro knocked in two with a single to left and took a big turn around the bag, prompting second baseman Colt Keith to throw to first. The Tigers were wearing their black City Connect jerseys and the only person wearing that color at first was umpire Mike Muchlinski. Keith's throw sailed into Minnesota's dugout, allowing Castro to take third. He scored on Buxton's double to left.
“That's a tough inning when we've got two out, especially after (Báez) gets us back into the game with the homer,” Hinch said. “I haven't talked to Colt, but I think that's down to inexperience — I don't think Bligh (Madris) needed to travel with the runner. He could have stayed (at first), which is probably why he was trying to get back.”
Vázquez hit a two-run homer off Joey Wentz to make it 8-2 in the sixth.
The Tigers loaded the bases with no one out in the seventh, but Gio Urshela grounded into a force at the plate before Báez and Wenceel Pérez popped out.
TRAINER'S ROOM
Twins: Activated 3B Royce Lewis (adductor strain) from the injured list and optioned C Jair Carmago to Triple-A St. Paul. Lewis came into the game hitting .292 with 10 homers and 18 RBIs in 24 games.
Tigers: Placed All-Star OF Riley Greene (hamstring) on the injured list and recalled UTL Ryan Vilade from Triple-A Toledo. Greene has been injured in each of his first three seasons, limiting him to 293 games.
UP NEXT
The teams play the second game of the series on Saturday, with Tigers ace LHP Tarik Skubal (11-3, 2.34) facing Minnesota RHP Joe Ryan (6-6, 3.65).
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Minnesota Twins center fielder Byron Buxton misplays the double hit by Detroit Tigers' Matt Vierling during the seventh inning of a baseball game, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Minnesota Twins pitcher Caleb Thielbar throws during the ninth inning of a baseball game against the Detroit Tigers, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Minnesota Twins' Christian Vazquez (8) is greeted at home plate after a two-run home run during the sixth inning of a baseball game against the Detroit Tigers, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Detroit Tigers pitcher Joey Wentz throws during the seventh inning of a baseball game against the Minnesota Twins, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Detroit Tigers pitcher Will Vest throws during the seventh inning of a baseball game against the Minnesota Twins, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Detroit Tigers' Javier Baez is greeted at home plate by Carson Kelly after Baez's two-run home run during the third inning of a baseball game against the Minnesota Twins, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Detroit Tigers pitcher Joey Wentz throws during the sixth inning of a baseball game against the Minnesota Twins, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Detroit Tigers pitcher Joey Wentz walks next to the mound as Minnesota Twins' Christian Vazquez rounds the bases after a two-run home run during the sixth inning of a baseball game, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Minnesota Twins' Christian Vazquez is greeted in the dugout after a two-run home run during the sixth inning of a baseball game against the Detroit Tigers, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Minnesota Twins center fielder Byron Buxton misplays the double hit by Detroit Tigers' Matt Vierling during the seventh inning of a baseball game, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
Minnesota Twins' Byron Buxton approaches home plate after a solo home run during the first inning of a baseball game against the Detroit Tigers, Friday, July 26, 2024, in Detroit. (AP Photo/Carlos Osorio)
