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Russian Rarity Sells for $1.3 Million in US

AP
posted: 26 DAYS 4 HOURS AGO
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NEW YORK (Nov. 2) – A miniature portrait of Czar Peter the Great in a diamond-encrusted frame — owned for decades by an Arizona family that didn't realize its historic significance — has been auctioned for $1.3 million.
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Amazing Auctions
A signed copy of Adolf Hitler's 'Mein Kampf' manifesto sold for $34,900 at an Aug. 13 auction in England. The buyer was an anonymous telephone bidder. The book was written in 1924 while Hitler was serving a four-year prison term. This copy is believed to be a second edition given by Hitler to a fellow inmate in 1925.
Barry Batchelor, PA / AP
Barry Batchelor, PA / AP
Sotheby's auction house says the 18th-century Russian treasure was purchased Monday by an anonymous telephone bidder for 10 times its pre-sale estimate of $120,000. The estate of the original owner, George Roberts, learned of its importance during an appraisal over the summer. Roberts purchased it in 1951 from a London dealer.
Experts believe that as few as 10 of the bejeweled miniatures were bestowed by Peter the Great on his subjects. The 3 1/2-inch-high oval portrait sold Monday depicts the czar in a blue cape and a sash. The frame hangs from an imperial crown.
Copyright 2009 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without the prior written authority of The Associated Press. Active hyperlinks have been inserted by AOL.
2009-11-02 21:03:04

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A miniature portrait of Czar Peter the Great in a diamond-encrusted frame — owned for decades by an Arizona family that didn\'t realize its historic significance — has been auctioned for $1.3 million.