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Home / World

$38.5m Faberge egg nearly sold for scrap

By Anita Singh
Daily Telegraph UK·
19 Mar, 2014 04:30 PMQuick Read

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Photo / Thinkstock

Photo / Thinkstock

A scrap metal dealer who bought an ornament from a bric-a-brac market to be melted down for its gold has discovered it is a 20 million ($38.5 million) Faberge egg.

The dealer struggled to sell the egg, bought for 8000, so kept it in his kitchen for several years until he searched online for "egg" and "Vacheron Constantin", a name etched on the timepiece inside.

The result was a Telegraph article with the headline: "Is this 20 million nest-egg on your mantelpiece?"

The article reported the search for a Faberge missing for 90 years which held a piece by the Swiss watchmaker Vacheron Constantin. The dealer contacted the Faberge expert named in the piece, Kieran McCarthy of the Mayfair jeweller Wartski, who flew to the US. McCarthy likened the moment he saw the egg to "Indiana Jones being presented with the Lost Ark".

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