Victor Vekelsberg

A prominent Russian industrialist, Victor Vekselberg, bought the Forbes Collection of Faberge Wednesday for an undisclosed sum, Sotheby's announced Wednesday. The collection had been scheduled for auction in New York on April 20, but Sotheby's negotiated the private deal on behalf of the Forbes family. The collection "represents perhaps the most significant example of our cultural heritage outside Russia," Vekselberg said in a statement.

A prominent Russian industrialist, Victor Vekselberg, bought the Forbes Collection of Faberge Wednesday for an undisclosed sum, Sotheby's announced Wednesday. The collection had been scheduled for auction in New York on April 20, but Sotheby's negotiated the private deal on behalf of the Forbes family. The collection "represents perhaps the most significant example of our cultural heritage outside Russia," Vekselberg said in a statement.