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$1M treasure hidden in Rocky Mountains found

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(CNN) -- A treasure chest estimated to be worth more than $1 million hidden in the Rocky Mountains for a decade has finally been found.

It was hidden there by art and antiquities collector Forrest Fenn. He used it to create a treasure hunt to inspire people to explore nature and to give hope to those affected by the great recession.

Fenn left clues to the treasure's location in a poem published in his 2010 autobiography. He announced on his Sunday the treasure had been found.

"It was under a canopy of stars in the lush, forested vegetation of the Rocky Mountains and had not moved from the spot where I hid it more than 10 years ago."

Forrest Fenn on discovery of treasure hidden in Rocky Mountains

Fenn told the Santa Fe New Mexican that the man who found the chest a few days ago wants to stay anonymous.

He estimates that up to 350,000 people from all over the world hunted for the treasure.

Fenn says some quit their jobs and a few even died.