The Imperial Faberge Egg is one of the world's most valuable pieces of decorative art. Only 50 were ever made and Carl Faberge died in 1920. There will never be more than 50 of the original series.
About 15% of eggs have been lost or stolen, further reducing the available float. Faberge used expensive materials, but the 1000’s of hours spent by his expert team of craftsmen, with many eggs taking over a year to finish, combined with his reputation, was a proof of work that is very hard to replicate.
Faberge egg ‘whales’ include the Queen of England(3) and Viktor Vekselberg who bought 9 eggs for $100m+ in 2004. The eggs were made at the end of the Russian Empire. The last egg was never finished in 1917 due to the Bolshevik Revolution. A number of them were stolen during the revolution and Stalin sold 14 of them in the 1930’s to finance his government. A recent attempt was made to relaunch the brand and make more ‘rare’ eggs. The new pearl egg is allegedly worth less than 15% of the originals but it wasn’t sold publicly so may not even be worth this much.
Bitcoin has been compared to rare art before. All comparisons fall down in some way because money can take many forms from optimal store of value to medium of exchange. But provable scarcity, proof of work and a visionary creator, who is no longer around is a good start.
Bitcoin has been compared to rare art before. All comparisons fall down in some way because money can take many forms from optimal store of value to medium of exchange. But provable scarcity, proof of work and a visionary creator, who is no longer around is a good start.
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