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Nobel Prize Medal and Cash

Simon S. Kuznets Ph.D.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1971

Economist and Statistician. Interpreted economic growth in a manner which helped better understand economic and social structure.

Nobel Prize Medal and Cash

Simon Kuznets left his Nobel Prize in his safety deposit box until his death, when it was bequeathed to his son. His son, Paul Kuznets, left it in his safety deposit box until 2015, when Paul decided to partner with Nate Sanders' Auctions in Los Angeles to auction it off. The prize sold for $390,848 to a Korean Fashion and Retail Group, E-Land. It has been reported that E-Land plans to display the medal in a museum that is part of a "multi-city theme park".

Drawing: Ami Mowris

Name: Simon S. Kuznets
Birth: 30 April 1901, Pinsk, Russian Empire (now Belarus)
Death: 8 July 1985, Cambridge, MA, USA
Institution: Harvard University, Cambridge, MA, USA
Award: "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development"
Subject: economic growth, economic history
Portion of Prize: 1/1
Nobel Prize Lecture
Nobel Prize Medal and Cash