Rare Faberge egg bought for peanuts by US scrap dealer to go on display in London

The Associated Press

Undated handout photo issued by London antique dealers Wartski via the Press Association on Wednesday March 19, 2014 of a rare Imperial Faberge Egg . The London antique dealer says the gold ornament bought by an American scrap-metal dealer has turned out to be a rare Faberge egg worth millions. Kieran McCarthy of Wartski says the egg was purchasd at a Midwestern flea market for about $14,000. He only began to suspect its value after seeing an article about the rare imperial Faberge Easter eggs made for Russian royalty.He contacted McCarthy, who verified the egg as genuine and negotiated its sale to a collector. Both buyer and seller want to remain anonymous, and Wartski did not disclose the sale price. (AP Photo/Wartski/PA) UNITED KINGDOM OUT NO SALES NO ARCHIVE

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LONDON (AP) — A London antique dealer says a gold ornament bought by an American scrap-metal dealer has turned out to be a rare Faberge egg worth millions.

Kieran McCarthy of Wartski said Wednesday the egg was purchased at a Midwestern antique fair for about $14,000.

The buyer only began to suspect its value after seeing an article about the 50 imperial Faberge Easter eggs made for Russian royalty. He contacted McCarthy, who verified it and negotiated its sale to a collector.

Both buyer and seller want to remain anonymous, and Wartski did not disclose the sale price.

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

The egg, containing a Vacheron Constantin watch, was an 1887 Easter gift from Czar Alexander III to his wife, Empress Maria Feodorovna.

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