Tags: faberge | egg | scrap | metal | dealer

Faberge Egg Makes Scrap Metal Dealer Millions of Dollars Richer

Thursday, 20 Mar 2014 10:52 AM

By Clyde Hughes

  Comment  |
   Contact  |
|  A   A  
  Copy Shortlink
A U.S. scrap metal dealer was shocked to learn that an ornament he bought and planned to melt down for its gold was actually a lost Fabergé egg worth millions.

The man reportedly purchased the ornament at a Midwestern antique fair for about $14,000, and he only began to suspect it was valuable after reading about Fabergé eggs on The Telegraph's website.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

Kieran McCarthy of the Mayfair, England, jeweler Wartski identified the ornament as the Imperial Easter Egg, which was designed by Carl Fabergé for Tsar Alexander III in 1887 and seized by the Bolsheviks during the Russian Revolution, according to The Telegraph.

Fabergé created 50 of the ornaments for the Russian Royal family. An ornament was last seen in public in March 1902 as part of a St. Petersburg Imperial treasures exhibition.

"I examined it and said, 'You have an Imperial Fabergé Easter Egg' and he practically fainted," McCarthy said. "He literally fell to the floor in astonishment."

Both buyer and seller wish to remain anonymous, and Wartski did not disclose the sale price, according to The Associated Press. 

In 2007, a Faberge egg sold at Christie's for $18.5 million.

The find has been likened by the expert who verified it to "Indiana Jones being presented with the Lost Ark," The Telegraph noted.

"I have been around the most marvelous discoveries in the art world, but I don't think I've ever seen one quite like this — finding extraordinary treasure in the middle of nowhere," McCarthy said. "The treasures are out there. They're not in the stately homes. This is the ultimate success of that spirit. It gives hope to us all."

The egg had several scratches where the metal was tested for its gold content by prospective buyers.

"The scratches make it more valuable, not less," McCarthy told The Telegraph. "We thought about removing them, but in the end the new buyer thought they enhanced the piece because they are part of its history."

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Passengers Push Plane on Icy Russian Runway (With Help of a Tractor)

Wednesday, 26 Nov 2014 20:45 PM

Passengers on a Russian plane got off to push the aircraft to help get it on the runway after it began slipping on ice i . . .

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved