The Olsen Gang Sees Red (Danish: Olsen-banden ser rødt) is a 1976 Danish comedy film directed by Erik Balling and starring Ove Sprogøe, Morten Grunwald and Poul Bundgaard.

The gang starts discussing their upcoming coup, which is about a Chinese vase worth DKK 1.5 million, which is to be sold to a Dutch buyer.

The gang breaks in and steals the vase at Sankt Annæ Plads in Copenhagen but finds out that it is a Chinese copy from Hong Kong and that Egon has been cheated.

The gang then set off to steal the original vase, but Egon gets trapped and walled inside a basement, so Benny and Kjeld must free him.

The gang breaks through four walls with various tools to reach an elevator and on to the Dutch buyer, where they steal the money and the vase.