Pregnancy, Babies, Parenting News & Tips

U.S. scrap dealer finds $20 million Faberge egg

By Reuters / Mar 20, 2014 04:00 PM EDT
  • Faberge egg
  • (Photo : REUTERS/PRUDENCE CUMING ASSOCIATES/WARTSKI/HANDOUT VIA REUTERS) When a scrap metal dealer from U.S. Midwest bought a golden ornament at a junk market, it never crossed his mind that he was the owner of a $20 million Faberge egg hailing from the court of imperial Russia.

When a scrap metal dealer from U.S. Midwest bought a golden ornament at a junk market, it never crossed his mind that he was the owner of a $20 million Faberge egg hailing from the court of imperial Russia.

Like Us on Facebook

In a mystery fit for the tumultuous history of Russia's ostentatious elite, the 8-cm (3-inch) golden egg was spirited out of St Petersburg after the 1917 Bolshevik Revolution and then disappeared for decades in the United States.

An unidentified man in the United States spotted the egg while searching for scrap gold and purchased it for $14,000, hoping to make a fast buck by selling it to the melting pot.

But there were no takers because he had overestimated the value of the watch and gems tucked inside the egg.

In desperation, the man searched the Internet and then realized he might have the egg that Russian Tsar Alexander III had given to his wife, Maria Feodorovna, for Easter in 1887.

When the scrap metal man approached London's Wartski antiques dealer, he was in shock.

"His mouth was dry with fear - he just couldn't talk. A man in jeans, trainers and a plaid shirt handed me pictures of the lost Imperial egg. I knew it was genuine,"Kieran McCarthy, director of the Wartski antique dealer, told Reuters.

"He was completely beside himself - he just couldn't believe the treasure that he had," said McCarthy, who then travelled to a small town in the U.S. Midwest to inspect the reeded yellow golden egg in the man's kitchen.

Wartski acquired the egg for an unidentified private collector. McCarthy said he could not reveal the identity of the man who found the egg, its sale price or the collector, though he did say that the collector was not Russian.

Reuters was unable to verify the story without the identities of those involved and when questioned whether the story was perhaps too fantastic to be true, McCarthy said:

"We are antique dealers so we doubt everything but this story is so wonderful you couldn't really make it up - it is beyond fiction and in the legends of antique dealing, there is nothing quite like this."

'BEYOND FICTION'

Rich Russians, who before the revolution once dazzled European aristocracy with their extravagance, have since the 1991 fall of the Soviet Union returned to stun the West by snapping up treasures, real estate and even football clubs.

Metals tycoon Viktor Vekselberg bought a collection of Imperial Faberge Easter Eggs for $90 million from the Forbes family in 2004. The eggs were brought back toMoscow and put on exhibition in the Kremlin.

A Russian businessman with a passion for Tsarist treasures, Alexander Ivanov, said he was behind the $18.5 million purchase of a Faberge egg in London in 2007.

Peter Carl Faberge's lavish eggs have graced myths ever since they were created for the Russian Tsars: Only royalty and billionaires can ever hope to collect them. Current owners include Queen Elizabeth and the Kremlin.

Tsar Alexander III asked Faberge to make one egg a year until his son, the next Tsar Nicholas II, ordered him to make two a year - one for his wife and one for his mother. The tradition ended in 1917 when Nicholas was forced to abdicate and he and his family were executed by the Bolsheviks.

As Russia's rich rushed to the exits, treasures were sold off under Vladimir Lenin and his successor Josef Stalin as part of a policy known as "Treasures into Tractors".

The mystery golden egg, which opens to reveal a Vacheron Constantin watch set with diamond set gold hands, was last recorded in Russia in 1922, two years before Lenin's death. It will go on display in London next month.

"It is nothing but wonderment and miracle - a miracle that the egg survived," said McCarthy. "The treasure had sailed through various American owners and dangerously close to the melting pot."

Peter Carl Faberge made some 50 imperial eggs for the Russian Tsars from 1885 to 1916. Forty-two have survived, according to Faberge. Some others were made for merchants.

(Editing by Mark Heinrich)

Copyright 2015 Thomson Reuters. All rights reserved.

'The Walking Dead' New Character Aaron a Good Guy?

"The Walking Dead" series is known for its whirlwind of characters, and now a new one named Aaron is leaving fans guessing.

Read More »

Should Rockstar Release 'Red Dead Redemption 2' or 'Manhunt 3'? [Poll]

Rumor of the release of 'Red Dead Redemption 2" will soon be proven correct or not as the speculated March 2015 due date nears.

Read More »

'Transformers' Actress Megan Fox Wins Razzie for Worst Supporting Actress

Megan Fox, rumored to be the leading lady in "Transformers 5," bagged the award for worst supporting actress.

Read More »

Xbox One March Update to Bring Screenshot Feature? [Rumors]

The 2015 Xbox One update for March might bring a screenshot feature, according to some rumors.

Read More »

Air Jordan 4 Retro 'Tech Grey' Drops February

The AJ 4, remastered by the Jordan brand, is believed to be a strong close-out for the label, after a string of releases during the NBA All-Star weekend.

Read More »

Amber Rose Calls Kim Kardashian a 'W***e'; Khloe Defends Her

Are Kim Kardashian and Kanye West heading to a divorce?

Read More »

Pacquiao vs Mayweather Fight 2015 Contract Details Revealed; Drug Test Clause Confirmed

Pacquiao and Mayweather are now close to completing the contract for their fight on May 2, 2015.

Read More »

Iron Man Joins 'Captain America 3' Confirms Robert Downey Jr.

Robert Downey Jr. has confirmed that Iron Man will be in "Captain America: Civil War."

Read More »

LG G4 Release Date Delayed to April

LG seems to be trying to avoid the Samsung Galaxy S6. The company has moved the release of the LG G4 to April.

Read More »

PlayStation Plus Free Games List March 2015 to Include 'Helldivers'?

Information about a free PlayStation Plus game might have been leaked recently.

Read More »

'Jurassic World' Dinosaurs Revealed So Far

For those who really want to know more about the dinosaurs that will be appearing in "Jurassic World," here is a list compiled from Jurassic World.com.

Read More »

Anti-Vaccine Parents to Blame for U.S. Measles Outbreak?

A measles epidemic is slowly making its way across the United States and all fingers are pointing to the anti-vaccination movement.

Read More »

Real Time Analytics