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Cracked Jug Selling For $10 Million

January 22, 2008 4:15 p.m. EST

Joseph Dela Cruz - AHN News Writer

Somerset, England (AHN) - A cracked jug started with a bid of $390 at an auction, fetched $430,000, but could eventually command a whopping tag price of $9.77 million after experts deemed it was part of the rarest treasures of medieval Egypt..

According to staff at the Lawrence's auction house in Crewkerne, Somerset, the enameled jug, decorated with mythological animals and birds, was initially thought to be from 19th century France, hence the low guide price for the bid.

However, after it was confirmed the vessel was one of the only six remaining 11th Century Fatimid rock crystal ewers, among the rarest treasures of medieval Egypt, bid price immediately soared.

"It is the Holy Grail of Islamic art," an expert exclaimed.

Records have it that the last of its kind to be sold on the open market was in 1862 when it was bought by the Victoria & Albert Museum.

"There's no question the ewer is authentic," a specialist dealer declared. "I've spent my whole life hoping to find one."

Citing company policy, the staff at Lawrence's auction house has refused to disclose the identity of the seller or the buyer.

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