Bently Foundation raises $9 million at coin auction
March 25, 2014
The March 20 coin auction of over 600 rare, Gold Rush-era coins from The Collection of Donald E. Bently, raised close to $9 million for Bently Foundation, which launched last week during Heritage Auction's much anticipated single owner catalog that took place at the Bently Reserve. The Bently Foundation, established by Christopher Bently, the son of the late Donald Bently, supports the communities served by Christopher's diverse suite of companies with the belief that with corporate success comes the responsibility to engage with the community and inspire positive change.
Bently Foundation is 100 percent dedicated to fostering support for organizations, individuals and ideas that align with his values of cultivating the arts, advancing environmental sustainability and aiding animal welfare, according to organizers.
"The coin auction exceeded our expectations," said Christopher Bently, Founder of Bently Foundation. "We were able to raise $8.9 million that will directly benefit organizations that align with Bently Foundations core values of cultivating the arts, advancing environmental sustainability and aiding animal welfare."
The most notable coin in the collection, the legendary 1927-D double eagle, led the way with a sale price of $1,292,500.
"We are thrilled with the overall success of the coin auction, which not only raised a significant amount of funding for Bently Foundation, but awareness of the organization and the communities it serves," stated Camille Crowder, development director of Bently Foundation. "Through the launch of Bently Foundation, we've received interest from non-profit organizations based in the Bay Area, Nevada and beyond, who are in need of grants to continue the valuable work they do throughout the year."