The buyer of a fake Faberge egg fails loses claim.
It’s enough to make you physically ill. One moment you are the proud owner of a £10m Fabergé egg; the next a High Court judge tells you it’s not the real deal and is worth a fraction of what you thought.
Art dealer, Michael Kamidian, bought the egg at Sotheby’s for $105,000 (£50,000) in 1991. Believing it to be the Dr Metzger Egg Clock, Kamidian was convinced that it was worth $2.5m.
When it was damaged in transit Kamidian made a claim for millions of pounds against the Lloyd’s underwriters.
The case is a victory for the underwriters and a massive blow for Kamidian.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
