A British family was left stunned after discovering this old chess piece bought for ?L5 is a legendary relic worth over ?L1m. An antique dealer purchased this ivory chess piece in Scotland in 1964. It was then passed down through his family for decades where it gathered dust in an old drawer. However, the current owners, who have not been named, were left stunned when they recently discovered it is a medieval relic worth a fortune. The figure is one of the missing Lewis Chessmens, which is a famous collection of artifacts that are believed to be over 900-years-old. The Lewis Chessmens are a stunning collection of chess pieces in the form of Norse warriors, carved from walrus ivory in the 12th century. A hoard of 93 pieces was discovered in 1831 on Scotland's Isle of Lewis. It is now held in both the British Museum in London and the National Museum of Scotland in Edinburgh. However, five of the chess pieces, which have developed a mythical status in the antiques world, have never been found until now. This piece, the equivalent of a rook, is the first of the missing items ever to be identified. The figurine is now set to go on auction with Sotheby's were it is expected to fetch over ?L1m. Sotheby's expert Alexander Kader, who was the first to examine the piece claimed his "jaw dropped" when he realized what it was. He said: "They brought it in for assessment. That happens every day. Our doors are open for free valuations. We get called down to the counter and have no idea what we are going to see. More often than not, it's not worth very much. I said, 'Oh my goodness, it's one of the Lewis Chessmen. There are still four out there somewhere. It might take another 150 years for another one to pop up.". 03 Jun 2019 Pictured: Missing Lewis Chessmen purchased for just ?L5. Photo credit: Sotheby's / MEGA TheMegaAgency.com +1 888 505 6342