Scrap dealer paid $14,000 for gold egg; Fabergé reportedly sold for $33m
A scrap metal dealer discovered that an ornate gold egg he purchased for $14,000 was actually a rare, long-lost Imperial Fabergé egg. The artifact, commissioned by Russian Emperor Alexander III in 1887, is one of the few surviving pieces from the imperial collection.
Why it matters
This discovery highlights the immense historical and financial value of lost cultural artifacts that occasionally surface in unexpected markets.
Sometimes history turns up in the least likely places. For one Midwest scrap-metal dealer, that moment came at an antiques market, where an ornate gold egg seemed to be little more than an opportunity to make a modest profit. Bought for about $14,000 with the intention of selling it for scrap, the object instead turned out to be one of the long-lost Imperial Easter eggs created by Carl Fabergé for the Russian imperial family, states a report by JCK online.From scrap metal to royal treasureAccording to the online report, the dealer had hoped to make a quick return on his purchase. The egg contained a Vacheron Constantin watch, making its gold and timepiece components potentially valuable even if the object itself held little historical significance.But finding a buyer proved unexpectedly difficult.
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