Titanic artefacts on the block
30 December 2011, 11:20
Washington - More than 5 000 artefacts salvaged from the Titanic are
to be sold in one lot at auction in New York, 100 years to the day after
the luxury liner sank in the Atlantic with some 1 500 people on board.
a filing with the Security and Exchange Commission, Premier
Exhibitions, which owns sole salvage rights to the Titanic through its
RMS Titanic unit, said it has engaged New York auctioneers Guernsey's to
handle the sale.
It will take place April 15, the 100th
anniversary of the day the White Star liner - on its maiden voyage to
New York from Southampton, England - slipped under the icy North
Atlantic Ocean after hitting an iceberg off Newfoundland.
reserve price has been set, but publicly-listed Premier Exhibitions said
the artefacts - some of which are now on show in Singapore and
Curitiba, Brazil - were appraised at $189 million in 2007.
expect to identify a buyer capable of serving as a proper steward of the
collection and the wreck site," said RMS Titanic's president
Christopher Davino in the filing.
No reason was given for the
sale, but last month Premier Exhibitions reshuffled its top management
team after reporting a second-quarter loss of nearly $2m due in part to
fewer people going to its shows.
A new 3D version of director James Cameron's 1997 blockbuster Titanic is
to open in Canadian and US theaters on April 6, four days before the
centenary of the day the doomed ship began its ill-fated voyage.