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Dublin: 15°C Thursday 18 August 2022

Russian billionaire's €60 million Fabergé egg collection goes on display

Viktor Vekselberg’s entire art collection is estimated to be worth €630 million. He bought the eggs in 2004 pledging to bring them ‘home’ to Russia.


The Faberge “Coronation” egg [Image: MARKUS SCHREIBER/AP/Press Association Images]

RUSSIAN BILLIONAIRE VIKTOR Vekselberg has opened a museum to display his glittering collection of Fabergé eggs, once owned by the tsars, in the former imperial capital of Saint Petersburg.

The new Fabergé Museum located in the Shuvalov Palace in the city centre put on display nine of the eggs, once given as Easter gifts by the royal family, as well as thousands of jewelled objets d’art from icons to cigar cases.

Vekselberg bought the collection of eggs from the estate of the late Malcolm Forbes, the US publisher of Forbes magazine in 2004, vowing to bring them back to Russia. No price was given at the time, but the pre-auction estimate for the sale was that the collection would realise at least €60 million.

“We started this project more than 10 years ago, and we are happy to present the result to you,” Vekselberg said at the opening.

The jewelled eggs with enamel and painted details include one given by the last tsar Nicholas II to his mother, Maria Fyodorovna, which is decorated with his portrait as well as that of his heir, Alexei.

Another made to celebrate the first anniversary of Nicholas II’s coronation has a surprise inside: a model of a tiny gold carriage. Others contain a gold hen and an enamelled rosebud.

The 18th-century mansion housing the museum originally belonged to Ivan Shuvalov, a favourite of Tsarina Elizabeth Petrovna. It was used for welcoming international delegations in Soviet days.


Viktor Vekselberg, left, at the 2008 ‘Congress of Russian Industrialists and Entrepreneurs’ [Image: MIKHAIL METZEL/AP/Press Association Images]

Vekselberg is worth some €11.2 billion, making him Russia’s fourth richest businessman, according to Forbes magazine, which estimated the value of his art collection at €630 million.

Court jeweller Peter Carl Faberge made around 50 of the eggs. The family tradition began in 1885 when Tsar Alexander III gave his wife, Maria Fyodorovna, a richly jewelled egg for Easter.

The Bolsheviks sold many of the eggs abroad to raise money after the October Revolution. Others were smuggled out by relatives of the last tsar’s family, who were shot in 1918.

Vekselberg’s collection of Faberge objects is rated as one of the world’s most valuable.

Each room of the museum was monitored by a security guard at the opening.

The museum opens to the public in December.

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