Categories: World News

Record-breaking auction price for gold watch owned by Titanic passenger | World News

Reading Time: < 1 minute

The pocket watch of the wealthiest passenger aboard the Titanic, John Jacob Astor IV, has fetched a staggering £1,175 million at auction, far exceeding the pre-sale estimate of £100,000 to £150,000. The 14-carat gold Waltham pocket watch, engraved with Astor’s initials “JJA,” was found with his body after the Titanic sank in April 1912.

The auction, held by Henry Aldridge & Son, started with a bid of £60,000 and ultimately went to an American buyer. Along with the watch, Astor was also found with a diamond ring, gold and diamond cufflinks, English notes, and $2,440.

Astor, known as one of the richest passengers on the Titanic with a net worth of $87 million at the time, tragically perished after helping his pregnant wife onto a lifeboat. His son later wore the restored watch, which was returned to the family.

This sale marks a new record for Titanic memorabilia, surpassing the previous highest amount paid for a violin played as the ship sank, which sold for £1.1 million in 2013 at the same auction house. The auctioneer, Andrew Aldridge, described the prices fetched for the Titanic artifacts as “absolutely incredible,” highlighting the enduring appeal and fascination with the Titanic story.

The auction for the historic pocket watch and other Titanic memorabilia took place on Saturday, attracting bidders from around the world and capturing the attention of collectors and history enthusiasts alike.

Team@GQN.

Share
Published by
Team@GQN.

Recent Posts

Salesforce Developer

Job title: Salesforce Developer Company: Han Staffing Job description: salesforce apex visual Job Description:Our client…

2 years ago

JAVA DEVELOPER

Job title: JAVA DEVELOPER Company: Han Staffing Job description: End Client: WELLSFARGO Title: Java Developer…

2 years ago

Jr. Full Stack Developer

Job title: Jr. Full Stack Developer Company: Leidos Job description: DescriptionJob Description:The Leidos Decision Advantage…

2 years ago

Jr. Full Stack Developer

Job title: Jr. Full Stack Developer Company: Leidos Job description: DescriptionJob Description:The Leidos Decision Advantage…

2 years ago

Principal Software Developer

Job title: Principal Software Developer Company: Oracle Job description: Job Description:As a member of the…

2 years ago

Sr Alfresco Developer- Lead

Job title: Sr Alfresco Developer- Lead Company: InterSources Job description: Job Title: Sr Alfresco Developer-…

2 years ago