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December 30, 2011

Titanic artifacts headed to auction

  • The estimated value of more than 5,500 recovered items is $189 million.
    Associated Press

    RICHMOND, Va. — The owner of the largest trove of artifacts salvaged from the Titanic is putting the vast collection up for auction as a single lot in 2012, 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 $189 million, according to Premier Exhibitions, parent of RMS Titanic Inc. — the Titanic's court-approved salvor. That value was based on a 2007 appraisal and does not include intellectual property gathered from a 2010 scientific expedition that mapped the wreck site.

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