$18M Faberge Egg
Going Like Sixty — October 9, 2007 — World
References: bornrich.org & video.google
A previously unrecorded Faberge egg has been rediscovered. It's a well known fact that when a previously unknown, but highly collectible, piece of art shows up, the art world gets out their checkbooks. An engagement gift to Baron Edouard de Rothschild, the egg has a clock with a diamond set cockerel that pops up and flaps its wings every hour. Christie's estimates the Faberge egg will bring upwards of $18 million, almost double the $9.6 million set by the Imperial Winter Egg sold by Christie's in New York in 2002.
Faberge Eggs represent opulence and rarity that is unmatched in the art world.
Faberge Eggs represent opulence and rarity that is unmatched in the art world.
Trend Themes
1. Rediscovered Art - The rediscovery of previously unknown art pieces presents an opportunity for collectors and investors to acquire valuable and highly sought-after works.
2. Collectible Art Market - The highly collectible art market thrives on the discovery of rare and significant pieces, creating opportunities for auction houses, galleries, and art dealers.
3. Luxury Artifacts - Luxury artifacts like Faberge eggs continue to captivate the art market, offering opportunities for artists, jewelers, and luxury brands to create unique and high-value pieces.
Industry Implications
1. Art Collectibles - The rediscovery of valuable art pieces fuels the art collectibles industry, creating opportunities for galleries, art collectors, and auction houses to acquire and sell highly sought-after works.
2. Auction Houses - The auction house industry benefits from the sale of rediscovered art, as the demand for rare and significant pieces drives up bidding and generates substantial revenues.
3. Luxury Brands - Luxury brands can leverage the allure of luxury artifacts like Faberge eggs to create unique collaborations and limited-edition collections, tapping into the affluent consumer market.
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