€145m Titanic hoard to go up for auction
Published 30/12/2011 | 05:00
The owner of the largest trove of artefacts salvaged from the Titanic is putting the vast collection up for auction next year -- the 100th anniversary of the world's most famous shipwreck.
More than 5,500 items, including fine china, ship fittings and portions of hull that were recovered from the ocean liner, have an estimated value of €145m and will be sold as a single lot.
The Titanic treasures were amassed during seven trips to the wreck, which rests about two-and-a-half miles below the ocean surface in the North Atlantic.
An international team led by oceanographer Robert Ballard located the wreckage in 1985, about 400 miles off Newfoundland, Canada.
The auction is scheduled for April 1 by Guernsey's, a New York City auction house, but the results of the auction will not be announced until April 15, the date the Titanic sank on its maiden voyage after striking an iceberg a century ago.