How do you price a Nobel prize?

By Patricia Cohen
Updated February 25 2015 - 12:08pm, first published 10:36am
The Nobel Prize: Only a handful of the 889 medals awarded since 1901 have ever been sold.  Photo: Judy Green
The Nobel Prize: Only a handful of the 889 medals awarded since 1901 have ever been sold. Photo: Judy Green
Economist Simon Kuznets when he received his Nobel Prize in 1971. His son - an economist himself - has decided to put the medal on the block. Photo: Reportagebild/AP via The New York Times
Economist Simon Kuznets when he received his Nobel Prize in 1971. His son - an economist himself - has decided to put the medal on the block. Photo: Reportagebild/AP via The New York Times

James D. Watson's sold for $US4.76 million ($6.07 million) while the one owned by William Randal Cremer, a member of US Parliament and labor activist, fetched just $US17,000.

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