The oligarchs no longer buy Fabergé works of art: Ouch on the tsar’s eggs – people

When it comes to art, the savings come first.

Hangover vibe at posh London auction houses! Why? Among their regular customers are the Russian oligarchs. They not only bought yachts with their billions, but also expensive Russian art.


Vladimir Putin is also a fan of the Tsar's eggs and visited a Fabergé exhibition in Moscow a few years ago with Prince Albert of Monaco (64).Foto: MIKHAIL KLIMENTYEV/AFP

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Vladimir Putin is also a fan of the Tsar’s eggs and visited a Fabergé exhibition in Moscow a few years ago with Prince Albert of Monaco (64).Photo: MIKHAIL KLIMENTYEV/AFP

Particularly popular: the legendary Fabergé eggs, which the Petersburg jeweler Peter Carl Fabergé (1846-1920) made mainly for the Tsar’s family. Price: up to 40 million euros per piece.


Legendary jeweler: Peter Carl Fabergé (1846-1920)Foto: Fabergemuseum.ru

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Legendary jeweler: Peter Carl Fabergé (1846-1920)Photo: Fabergemuseum.ru

Because of the sanctions for the invasion of Ukraine, the oligarchs now have less money. A high-ranking employee of auction house Christie’s told BILD: “The war in Ukraine has changed a lot of things in the international art trade. For the Fabergé market, it’s a tragedy. And investors are very nervous.

Because: Rich Russians drove up prices with their desire to buy. Fabergé eggs were a popular market for financiers in the luxury sector.


Strewn with gold and diamonds: Foto: picture-alliance /dpa/Sotheby's

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Strewn with gold and diamonds: ‘The Lily of the Valley Egg’ from 1898 has an estimated value of around 14 million eurosPhoto credit: picture alliance/dpa/Sotheby’s

Result: Sotheby’s and Christie’s have canceled their special Russian art campaign days for the summer. Sotheby’s collected around 20 million euros in 2021.


This egg representing Christ is on display at the Kremlin Museum in MoscowFoto: Laski Diffusion/Wojtek Laski/Getty Images

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This egg representing Christ is on display at the Kremlin Museum in MoscowPhoto: Laski Diffusion/Wojtek Laski/Getty Images

Horst Lichter’s egg experiment: “sensational craftsmanship”

TV star Horst Lichter (60) recently got up close and personal with the Fabergé myth on ‘Bares for Rares’. A contestant brought an artificial egg adorned with a jewel from an inheritance (left for €9,000).

Lights to BILD: “That Fabergé egg we had wasn’t original, it was made in Germany. It was light years away from a Fabergé – and yet it was sensational! I would love to see a real one.”


Horst Lichter, star of Foto: Malte Krudewig

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Bares for Rares star Horst LichterPhoto: Malta Krudewig

And further: “I admire the sensational craftsmanship of the craftsmen of this era – it is incredibly beautiful.”

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