Arrow Fat Left Icon Arrow Fat Right Icon Arrow Right Icon Cart Icon Close Circle Icon Expand Arrows Icon Facebook Icon Pinterest Icon Twitter Icon Youtube Icon Hamburger Icon Information Icon Down Arrow Icon Mail Icon Mini Cart Icon Person Icon Ruler Icon Search Icon Shirt Icon Triangle Icon Bag Icon Play Video
  • Simon Kuznets' Nobel Prize in economics sells at Nate D Sanders
  • Post author
    Paul Fraser
  • Kuznets'NobelPrizeSimon

Simon Kuznets' Nobel Prize in economics sells at Nate D Sanders

A Nobel Prize awarded to economist Simon Kuznets has sold for $390,848 at Nate D Sanders.

The auction closed on February 26.

Kuznets is best known for his conception of the Kuznets Curve, which shows that inequalities in developing economies first increase and then decrease.

Nobel Prize Kuznets
Kuznets is best known for his conception of the Kuznets Curve

Kuznets explained his decision to sell his medal to the New York Times: "It's been sitting in a safety deposit box for what, 40-something years, and it's not doing anyone much good.

"I've got among other things, photos of the ceremony. I've even got tape recordings and that sort of thing, and I have memories of many years with my parents. I think those are more important to me than what is essentially a piece of jewelry."

The sale follows on from the recent auctions of Nobel prizes belonging to DNA scientists Crick and Watson, both of which made seven figure sums.

Richard Austin, Sotheby's head of books and manuscripts, told the Times: "Putting up Nobels is a fairly recent thing, and I'm not sure how long it's going to last.

"Everyone knows what Watson and Crick were famous for. Once you get to more specialized Nobels, it's more difficult."

Please sign up to our free newsletter to receive exciting news about memorabilia auctions.

  • Post author
    Paul Fraser
  • Kuznets'NobelPrizeSimon