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Krebs' Nobel on Auction Block

The Nobel Prize awarded to Hans Krebs, of citric acid cycle fame, in 1953 is to be auctioned today by Sotheby's to raise money to support young and refugee researchers, Reuters reports.

Krebs, who fled Nazi Germany in the 1930s to settle in the UK, shared the 1953 Nobel Prize in Physiology or Medicine equally with Fritz Lipmann.

Sotheby's has estimated Krebs' medal to be worth between $385,000 and $462,000. The proceeds of the sale will go to the Sir Hans Krebs Trust, which provides grants to young researchers and refugee researchers working in the biomedical sciences.

"My father was a passionate believer in the importance of training the next generation. I believe that he would have thoroughly approved of the creation of the Trust by the sale of his Medal," Krebs' son John, a member of the British House of Lords, says in a statement, according to Reuters.