Scrap Dealer Finds Famed Faberge Egg at Flea Market

Midwest discovery is worth millions

By Newser Editors and Wire Services

Posted Mar 19, 2014 4:35 PM CDT

(Newser) – There's good luck—and then there's the case of the scrap-metal dealer who found one of the eight missing Faberge imperial eggs at a flea market in the American Midwest. A London antique dealer said the man bought the egg for about $14,000, thinking he could make a small profit by reselling the piece for its gold content. It turned out the jewel-encrusted piece was worth millions. Kieran McCarthy of Wartski, which specializes in Russian artifacts, said the scrap-metal dealer began to suspect he was holding a rare piece after seeing an article online about an imperial Faberge Easter egg made for Russian royalty. The dealer contacted McCarthy, who verified the egg as genuine and negotiated its sale to a collector.

"The second I saw it, my spine was shivering," said McCarthy, calling the piece a "Holy Grail" for collectors. Both buyer and seller want to remain anonymous, and McCarthy did not disclose the sale price—but a non-imperial Faberge egg sold at Christie's for $18.5 million in 2007. An independent Faberge expert said the egg is "absolutely genuine" and matches the one-line description found in records kept by Russia's Imperial Cabinet. The egg, which contains a Vacheron Constantin watch, sits on a jeweled gold stand and was given by Alexander III to his wife, Empress Maria Feodorovna, in Easter 1887. Only 50 of the imperial eggs were made for the royal family, and eight remained missing before the latest find. It will be on display at Wartski's London showroom April 14-17, the first time it will have been seen in public for 112 years. The windfall likely eclipses the $10 million discovery of gold coins by a California couple.

This photo issued by London antique dealers Wartski shows the newly found Imperial Faberge egg.
This photo issued by London antique dealers Wartski shows the newly found Imperial Faberge egg.   (Wartski)
The egg even has a clock inside.
The egg even has a clock inside.   (AP Photo/Wartski, PA)
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