After a hiatus of nearly a century the legendary firm Faberge, which made the eponymous eggs and many other elaborate knick-knacks for Russian royalty, was going back into business. The original firm went out of business following the Russian revolution in 1917 but its surviving bric-a-brac is highly sought-after—and even more highly paid for—by collectors.The original Faberge eggs were given as Christmas presents by members of the Tsar’s family.
The name had been owned until last year by Unilever (UN) and was purchased by London-based private equity firm, Pallinghurst Resources, which is reportedly in contact with descendents of the Faberge family.
The question, of course, is whether modern craftsmen have the skill to reproduce eggs of the same quality as the original. If so, it is likely that they would be very popular with Russia’s newly wealthy who are notoriously passionate about collecting “Russian” art.
In 2004 Russian energy billionaire Victor Vekselberg bough the famous Forbes collection of nine Faberge eggs, at that time the largest in the world, for an undisclosed amount but which was rumored to be between $80 million and $120 million