The antique world's 'frantic search' for a lost $32.5m Fabergé Imperial Egg
The antique world's 'frantic search' for a lost $32.5m Faberg Imperial Egg
Thought forever lost or destroyed, new evidence has sparked a frenzied search for a lost Russian egg
The hunt is on for a missing egg worth up to 20m ($32.5m). Can you help?
Lost for almost 90 years, it's believed that the Faberg Imperial Egg is now in Britain -sparking a frantic search by experts to track it down.
Other rare Faberg eggs from theturn of the 20th century include theunique Basket of Wild Flowers egg
Art experts have discovered that the egg may have been sold in a 1960s auction held by Parke Bernet of New York. The firm was later acquired by Sotheby's.
According to British newspaper The Sunday Telegraph, the ornament featured in the 1964 sale measured three-and-a-quarter-inches with "three medallions cabochon sapphires... with minute diamonds."
Back then, the egg sold for just 875 ($2,450 at the time). Now valued at 20m, the egg is estimated to have grown in value by 23.8% p.a. (compounded) since the 1964 auction.
Adding to the mystery is the fact that the vendor was known only as "Clarke".
The House of Faberge rose to prominence in 1885 when the Tsar commissioned Carl Faberge's jewellers to produce a decorated egg each year as a gift to the Tsarina.
Today, the mystery of the missing Imperial eggs is one of the most captivating stories, not only among Faberg enthusiasts but also jewellery collectors in general.
Experts believe the egg could still be in the UK as the hobby of collecting Faberg eggs was a largely British pursuit when the March 1964 egg was auctioned.
Rare Faberg eggs are among the most iconic Russian jewelleryartefacts - like this collection which is displayed in the Kremlin
However, experts may also need to take into account the liquidity of today's internet-fuelled global marketsduring their hunt.
The egg alsocontains a luxury timepiece by Vacheron & Constantin, further adding to the its significance and potential value.
According to documents from the early-1920s, it's thought that the egg was seized by the Bolsheviks following the 1917 Russian Revolution.
But the latest news has quashed previous theories that the egg was forever lost or destroyed.
Please contact us if you have any information on the missing Faberg Imperial Egg.
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Watch this space for further news.