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• Ancestral Phoenix Egg
• Item Level 90Disenchants into:
  Not disenchantable
• Binds when picked up
• Unique
• Requires Level 90
• "Redeem for your choice of Ancestral Phoenix."

Source

The Ancestral Phoenix Egg is a reward from completing  Challenge Conqueror: Silver. It can be used to purchase one of four Pandaren Phoenix mounts from  Challenger Soong <Challenge Dungeons> or  Challenger Wuli <Challenge Dungeons> in the Shrine of Seven Stars and  Kai Featherfall <Phoenix Egg Trader> in the Vale of Eternal Blossoms.

Patch changes

• Patch 5.0.4 (28 August 2012): Added. 
  

External links

• Battle.net (EU)
• Wowhead
• Thottbot
• WoWDB