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Picked up for scrap at a midwestern bric-a-brac stall the remarkable story of the £20m Faberge Egg that nearly ended up in the melting pot... | Picked up for scrap at a midwestern bric-a-brac stall the remarkable story of the £20m Faberge Egg that nearly ended up in the melting pot... |
(about 1 hour later) | |
Spotting an intricate golden egg decorated with diamond-encrusted ribbons of leaves and roses and three large sapphires, a scrap metal dealer saw a money-making opportunity. | |
Purchasing the item for $13,300 (£8,000) with the intention of melting it down, little did he imagine it would leave him approximately £20m better off. | Purchasing the item for $13,300 (£8,000) with the intention of melting it down, little did he imagine it would leave him approximately £20m better off. |
The unnamed buyer had inadvertently purchased a lost and ultra-rare Faberge egg made for Russian royalty. | The unnamed buyer had inadvertently purchased a lost and ultra-rare Faberge egg made for Russian royalty. |
Remarkably it was saved from the melting pot because no one recognised its potential by offering him more than he paid for it. | |
The amazing journey of the egg began in Tsarist Russia and ended up in a flat above a Dunkin’ Donuts in America’s Mid West. The egg, which has a Vacheron Constantin watch inside it, sits on a jewelled gold stand and was given by Alexander III to his wife Empress Maria Feodorovna in Easter 1887. | |
It was seized by the Bolsheviks during the Russian Revolution before disappearing and turning up on an antiques stall in the US a decade ago. | It was seized by the Bolsheviks during the Russian Revolution before disappearing and turning up on an antiques stall in the US a decade ago. |
The unnamed buyer paid £8,000 based on its weight and the estimated value of it’s decoration of diamonds and sapphires, but was unable to get anyone to take it off his hands. | The unnamed buyer paid £8,000 based on its weight and the estimated value of it’s decoration of diamonds and sapphires, but was unable to get anyone to take it off his hands. |
A Third Imperial Faberge Easter Egg next to a cupcake | A Third Imperial Faberge Easter Egg next to a cupcake |
The egg began to be a financial burden to its owner. In desperation one evening, the owner tapped "egg" and "Vacheron Constantin" into Google and a newspaper article emerged about its background. | The egg began to be a financial burden to its owner. In desperation one evening, the owner tapped "egg" and "Vacheron Constantin" into Google and a newspaper article emerged about its background. |
The article, published in the Daily Telegraph, quoted Kieran McCarthy, director of Wartski, the London-based Royal Warrant-holding experts on Carl Faberge's work. | The article, published in the Daily Telegraph, quoted Kieran McCarthy, director of Wartski, the London-based Royal Warrant-holding experts on Carl Faberge's work. |
Unable to sleep for days after recognising the egg as his, the owner flew to London to show images of it to Mr McCarthy who was left speechless. | Unable to sleep for days after recognising the egg as his, the owner flew to London to show images of it to Mr McCarthy who was left speechless. |
To confirm it was not a fake, Mr McCarthy flew to the small Midwest town where the owner lived so he could be sure the egg was genuine. | To confirm it was not a fake, Mr McCarthy flew to the small Midwest town where the owner lived so he could be sure the egg was genuine. |
When Mr McCarthy saw it on the owner's kitchen table beside some cupcakes, he confirmed it was the lost Imperial treasure. | When Mr McCarthy saw it on the owner's kitchen table beside some cupcakes, he confirmed it was the lost Imperial treasure. |
Wartski bought the egg for a private collector who has allowed it to be displayed for four days at an exhibition at Wartski in London from April 14. | Wartski bought the egg for a private collector who has allowed it to be displayed for four days at an exhibition at Wartski in London from April 14. |
Mr McCarthy said: "It's the most incredible discovery. We have so many discoveries but none of them are as momentous as this. | Mr McCarthy said: "It's the most incredible discovery. We have so many discoveries but none of them are as momentous as this. |
"It has travelled from Imperial St Petersburg to the rust belt of America. It's a story that deserves to be told because it could so easily have slipped away. | "It has travelled from Imperial St Petersburg to the rust belt of America. It's a story that deserves to be told because it could so easily have slipped away. |
"For the Faberge community and the historical community, it is a wondrous event because the Easter egg is the ultimate target for every antique dealer and every enthusiast." | "For the Faberge community and the historical community, it is a wondrous event because the Easter egg is the ultimate target for every antique dealer and every enthusiast." |
He added: "It may never be seen again and it may disappear into the deepest, darkest vaults of a collector somewhere." | He added: "It may never be seen again and it may disappear into the deepest, darkest vaults of a collector somewhere." |
The egg was last seen in public in March 1902 when it was shown at an exhibition of the Russian Imperial family's Faberge collection in St Petersburg. | The egg was last seen in public in March 1902 when it was shown at an exhibition of the Russian Imperial family's Faberge collection in St Petersburg. |
In the turmoil of the Russian revolution, the Bolsheviks confiscated the valuable egg from the empress. | In the turmoil of the Russian revolution, the Bolsheviks confiscated the valuable egg from the empress. |
It was recorded in Moscow in 1922 when the Soviets decided to sell it as part of their policy of turning "treasures into tractors". | It was recorded in Moscow in 1922 when the Soviets decided to sell it as part of their policy of turning "treasures into tractors". |
Its fate afterwards was unknown and it was long feared that it could have been melted down for its gold value and lost forever. | Its fate afterwards was unknown and it was long feared that it could have been melted down for its gold value and lost forever. |
But in 2011 Faberge researchers found the egg had been sold in New York in March 1964 for just £875 at the time. | But in 2011 Faberge researchers found the egg had been sold in New York in March 1964 for just £875 at the time. |
It followed the discovery of an old Parke-Bernet catalogue, and it was sold as a "gold watch in egg form case" without its provenance being known. | It followed the discovery of an old Parke-Bernet catalogue, and it was sold as a "gold watch in egg form case" without its provenance being known. |
The revelation sparked a worldwide race to discover its whereabouts, which ultimately led to the scrap metal dealer in America's Midwest. | The revelation sparked a worldwide race to discover its whereabouts, which ultimately led to the scrap metal dealer in America's Midwest. |
Additional reporting by the Press Association. | Additional reporting by the Press Association. |