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Danish Butter King’s Coin Collection for Sale 100 Years After His Death 

Helle Horsnes, senior researcher at the National Museum of Denmark, looks at seven rare coins that the museum bought earlier this year from the collection of butter magnate Lars Emil Bruun, in Copenhagen, Denmark, September 11, 2024. (Reuters)
Helle Horsnes, senior researcher at the National Museum of Denmark, looks at seven rare coins that the museum bought earlier this year from the collection of butter magnate Lars Emil Bruun, in Copenhagen, Denmark, September 11, 2024. (Reuters)
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Danish Butter King’s Coin Collection for Sale 100 Years After His Death 

Helle Horsnes, senior researcher at the National Museum of Denmark, looks at seven rare coins that the museum bought earlier this year from the collection of butter magnate Lars Emil Bruun, in Copenhagen, Denmark, September 11, 2024. (Reuters)
Helle Horsnes, senior researcher at the National Museum of Denmark, looks at seven rare coins that the museum bought earlier this year from the collection of butter magnate Lars Emil Bruun, in Copenhagen, Denmark, September 11, 2024. (Reuters)

The 20,000-piece coin collection of Danish butter magnate Lars Emil Bruun, worth an estimated $74 million, is set to go under the hammer on Saturday in Copenhagen, a century after his passing.

The collection, kept by Bruun's relatives in line with his will, includes rare coins and medals from Denmark, Norway, Sweden and England dating back to the Viking age. It is expected to attract bids from some of the world's wealthiest people.

Bruun, born into poverty in 1852, amassed a fortune through his butter export business. He developed a passion for coin collecting in his childhood, resulting in what is expected to be the most valuable non-US coin collection ever sold.

"The collection is unique in many ways, partly because it's so valuable, but also because it's been kept safe as a sleeping beauty for 100 years without nobody having access to the coins," said Michael Fornitz, a professional numismatic appointed by auction house Stack's Bowers to oversee the sale.

After World War One, Bruun, fearing another war or bombing of Copenhagen, decided his historic collection should be kept in reserve for the Royal Coin and Medal Collection in Copenhagen for a century.

The auction will commence on Saturday with the sale of the first 286 coins, starting with a coin minted in 1496 for Denmark's King Hans. The coin has an estimated price of up to 600,000 euros ($663,900).

"It has probably been struck for King Hans' personal use when he traveled through Europe and he needed to show that Denmark was not just an insignificant province in the North of Europe but actually a power to be reckoned with," said Fornitz, holding the coin in his hand.

The collection has been showcased to potential buyers in Hong Kong, Europe, and the United States. According to Brian Kendrella, Stack's Bowers president, the coins are expected to sell for amounts ranging from less than $100 to more than $1 million each.

"Buyers might be some of the wealthiest people who are making Forbes lists and things like that. But there's also regular people that have deep interest in history and interest in coin collecting," he said.

Proceeds from the auctions, expected to continue for several years, will go to Bruun's direct relatives, as stipulated in his will. A representative for his relatives did not reply to a request for comment.

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Culture

Syria's Aleppo Set for Revival Despite War Scars to its Heritage

During the four years of fighting before Assad's forces recaptured Aleppo following a devastating siege, the city was virtually emptied - AFP
During the four years of fighting before Assad's forces recaptured Aleppo following a devastating siege, the city was virtually emptied - AFP
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Syria's Aleppo Set for Revival Despite War Scars to its Heritage

During the four years of fighting before Assad's forces recaptured Aleppo following a devastating siege, the city was virtually emptied - AFP
During the four years of fighting before Assad's forces recaptured Aleppo following a devastating siege, the city was virtually emptied - AFP

The historic Baron Hotel in Syria's Aleppo is dilapidated and damaged by years of war but still standing and ready for a revival, much like the city itself.

Aleppo's old city, designated a UNESCO World Heritage site, was ravaged by the conflict that erupted after a government crackdown on protests in 2011.

Between 2012 and 2016, it became a battleground between Syria's military and opposition factions.

The army of now-ousted president Bashar al-Assad shelled opposition fighters from the ground and struck them from the air, supported by Russian firepower.
Opposition groups, meanwhile, used mortars and artisanal rockets, as the fighting turned ancient streets into sniper alleys.

During the four years of fighting before the government recaptured Aleppo following a devastating siege, the city was virtually emptied.

Now, after Assad's fall following a lightning opposition offensive led by Hayat Tahrir al-Sham, residents are looking forward to reconstruction.

"Unfortunately, more than 60 percent of the edifices in the old city, monuments of the old city of Aleppo, were devastated to ground zero," said Georges Edleby, a tour guide in the city for 35 years.

"Hopefully there will be a day that we see them again restored."

The ancient souks where Aleppo's famed olive oil soap is piled up in stacks for sale has been reduced in many places to little more than rubble.

- 'Hope for a better life' -

Aleppo's medieval citadel, however, remains relatively intact.

Opposition fighters, one with a rose slipped into the barrel of his gun, stood guard outside the ancient ramparts, which Syria's army turned into a stronghold during the war.

Most of the damage in the citadel was caused by a 2023 earthquake, locals say.

Below in the old city, a few alleys of the souk -- once the largest in the world with 4,000 stalls -- have reopened after being restored, including with Saudi financial aid.

Jamal Habbal, 66, has spent all his life under the stone vaults of the old city and reopened his macrame and rope shop there a year ago.

"We have so many memories here. It was a big market that was vibrant and lively. Girls used to come to buy items for their trousseaus. They could find everything," he told AFP.

"And then suddenly, the crisis," he said, reluctant to even say the word war.

"We had to leave. I returned in 2018, but it's still difficult," he added, speaking in a dark and largely deserted alley.

Fadel Fadel has also reopened his shop offering souvenirs, soap and mother-of-pearl inlaid boxes.

"It was completely destroyed here," said the 51-year-old.

He is hoping to see Aleppo returned to its status as a "center of commerce, industry and tourism."

"We hope for a better life."

- Museum ready to reopen -

Outside, dusty streets wind between ruins that await reconstruction and revival.

The Baron Hotel once welcomed Agatha Christie, Egyptian president Gamal Abdel Nasser and France's Charles de Gaulle.

Visitors flocked to see the somewhat faded glory of its rooms, as well as its terrace and the unpaid bar bill belonging to one Lawrence of Arabia.

But now, several broken windows adorned with shutters hanging from a single hinge offer a view into a deserted building covered in dust.

The hotel's future is uncertain.

Its last owner, Armen Mazloumian, has passed away. He told AFP back in 2014 that he felt the hotel's glory days were behind it and it would "never be what it once was again".

Nearby, however, the National Museum of Aleppo is readying to reopen. Its courtyard was hit in shelling but its building and collection were spared.

Director Ahmed Othman said the museum "took lessons from the experience of our neighbours," including institutions in Iraq and Lebanon.

"We took the necessary measures to protect our collections," he said.

"The statues that were too heavy to move were encased in concrete and the smaller pieces were moved to safe places."

Treasures that trace nine millennia of history and the birth of writing in nearby Mesopotamia have been preserved unharmed as a result.

"We did many things in order to protect the museum as a whole," said Othman