ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Millionaire buys Nazi objects worth $660,000 — just so those items can't be used for propaganda

The auction had previously raised eyebrows but that was before Chatila revealed his plan.
PUBLISHED OCT 16, 2024
Cover Image Source: Getty Images | AzmanL (Representative)
Cover Image Source: Getty Images | AzmanL (Representative)

The rise of Nazism in Germany led to death and destruction on a scale that the world had never seen before, which is why it's important to stay vigilant against such ideologies. As they overran Europe, Nazis also destroyed art and literature. In his attempt to make sure that Nazi propaganda is nipped in the bud, a Lebanese man spent an eye-watering €600,000 ($660,000) at an auction.

Abdallah Chatila, who is one of the 300 wealthiest people in Switzerland, purchased multiple items at the Hermann Historica, a Berlin auction house, including Hitler's top hat, a silver-covered edition of his autobiography "Mein Kampf," a cigar box, and a typewriter. He then announced the items would be donated to the Keren Hayesod Association, an Israeli fundraising group. He originally thought that the items should be burned but now wants them to be preserved in museums. 

Image Source: Getty Images | Adam Berry
Image Source: Getty Images | Adam Berry

"Far-right populism and anti-Semitism are spreading all over Europe and the world," Chatila told the Swiss newspaper Le Matin Dimanche. "I did not want these objects to fall into the wrong hands and to be used by people with dishonest intentions." As per reports, Chatila is worth more than €136 million ($150 million), which makes sense considering the amount that he spent on this. 

Many appreciated the gesture including Rabbi Menachem Margolin, head of the European Jewish Association, who said he was "bowled over" by the gesture. Margolin had previously chastised the auction and claimed that Germany "leads Europe in the sheer volume of reported anti-Semitic incidents." The European Jewish Association also thanked Chatila for his generosity."Thank you Mr. Abdallah Chatila for doing the right and noble thing. Thank you all of you out there that took the time to write, speak and bring the issue to the public," their spokesperson said.



 

 

The auction led by the European Jewish Association, was pretty controversial. The chairman Rabbi Menachem Margolin wrote letters to the leaders of all German mainstream political parties urging them to stop the sale.

"Selling such items should be no different from selling the personal items belonging to Osama bin Laden, or Anders Breivik. The argument of historical interest is pure semantics," Menachem wrote. However, this was before he understood why Chatila was doing what he was doing. "Such a conscience, such an act of selfless generosity to do something that you feel strongly about, is the equivalent of finding a precious diamond in an Everest of coal. You have set an example for the world to follow when it comes to this macabre and sickening trade in Nazi trinkets," he said.



 

According to reports the EJA invited 100 members of parliament from across the European Union to Auschwitz, the infamous Nazi concentration camp in Poland at the time. Margolin said that Chatila had accepted his invitation and later attended it as the guest of honor. Chatila said that he simply has no interest in the items. "I have full trust that Keren Hayesod will take the proper decision to handle this donation. I strongly hope that such delicate items will be exhibited in a Holocaust museum that will have a better use than any other entity," Chatila said.

MORE ON MARKET REALIST
Harrison bagged one of Jabbar's personal items and a chance to go to a Lakers game with him
4 hours ago
Recently, the Bonus Round of the show has featured many old phrases that led to heartbreaking losses.
5 hours ago
Lubetzky was the first to drop out but then came back as he was impressed by the entrepreneur.
1 day ago
The appraiser took the guest's breath away as she was expecting to get much less for it.
1 day ago
The show got close to hitting the record of the longest Bonus Round losing streak.
1 day ago
She continued to be hyperactive throughout the game even with her answers.
1 day ago
With four offers on the table, the founders of Bucket Golf smartly got a deal that they wanted.
1 day ago
Fans took to Reddit to discuss if the show has gotten a little too social for its style.
2 days ago
When the Holy Grail toy came up to Harrison's table, he wasn't willing to let it go.
2 days ago
The founder of 'Noshi Food Paint' was down to the last shark for a deal.
3 days ago
Ashia who won $25,000 executed an epic celebration after her win in the "To The Penny" game.
3 days ago
Harrison was offering more than he usually does but the seller was also adamant.
3 days ago
It turned out that the gift came from one of the greatest American sculptors in history.
3 days ago
The guest who got the collection at an auction was shocked to find out its true value.
4 days ago
The guest who paid $15 for the storage cabinet was pleasantly surprised in the end.
5 days ago
The men of Shark Tank looked as dashing as ever in their red wigs from 'How to be a Redhead'.
5 days ago
It was a dream come true for many in the Pawn Shop to see the great WWE wrestler.
5 days ago
This was a rare occasion on which contestants made Harvey nervous on his show.
5 days ago
Fans are now getting concerned as the "accident-prone" host can't seem to find his balance.
6 days ago
Greiner put her foot down to get a deal with "Simply Fit Board" and it all worked out in the end.
6 days ago