A Russian figurine found stashed in an upstate New York attic for almost 70 years has sold at auction for a staggering $5.2million.
The rare Faberge figure, commissioned by Russian Czar Nicholas II in 1912 and given to his wife, Empress Alexandra, was discovered hidden in a Rhinebeck loft earlier this year. WNYT reports that the delicate model, of which there are only 50 in existence, was originally bought by Soviet-aligned industrialist Armand Hammer. In 1934 it was then purchased by George Davis, of Manhattan’s Hammer Galleries, for $2,250.
But it was not seen since, reports the Register Star. When Davis died, his descendants were sorting through his estate when they found the figure in its original box. Experts authenticated the figure before valuing it at $800,000. But after a 15-minute auction, it sold for more than six times that. London-based jeweler Wartski, the eventual winner of the auction, will pay $6 million once the commission is factored in.