Titanic artifacts up for auction

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Titanic treasure up for auction
By Peter Law
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THE world's single most valuable Titanic relic will be sold at auction next year, adding a new chapter to the legend of the ill-fated Southampton liner.

Secret negotiations are under way for this item - which is said to be worth hundreds of thousands of pounds - to go under the hammer in April next year. Exactly what it is remains a closely guarded secret.

Auctioneers in the know say it will smash all Titanic sale records and that "global big buyers" from all over the world will do battle for possession of the artefacts.

Andrew Aldridge from Wiltshire-based auctioneers Henry Aldridge and Sons, the world's leading auctioneer of Titanic memorabilia, is in no doubt.

He said: "Complicated negotiations are ongoing, but we are hopeful that the single, most significant item in existence will be up for auction."

A source confirmed that the item was genuine and likely to appear on the market next year.

He said it was a personal possession of a passenger and that it was "probably one of the most highly featured items of the night".

There are many hidden gems still out there, especially in Southampton, and they could be hidden in the lofts and cupboards of people’s homes.
Andrew Aldridge, auctioneer

He added: "I am always surprised at what items sale for and this definitely could go for £200,000."

One theory is that it could be a musical toy pig taken on board by fashion designer Edith Rosenbaum. According to legend, the pig was mistaken for a baby and thrown into a lifeboat where its tune was played over and over to buoy the spirits of the children onboard.

Another theory is that it could be a set of binoculars removed from the crow's nest before Titanic set sail from Southampton.

With the enormous success of the 1997 movie Titanic - the highest grossing film of all time - the value of any genuine memorabilia from the ship has skyrocketed. Collectors with millions to spend are vying with each other to claim their own slice of history.

"There are many hidden gems still out there, especially in Southampton, and they could be hidden in the lofts and cupboards of people's homes," said Mr Aldridge.

"They may have been handed down through the generations or bought many years ago and would now be worth 20 or 30 times their original price."


http://www.thisishampshire.net/display.var.1616597.0.titanic_treasure_up_for_auction.php

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kenb

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RMS Titanic Inc. I think, There going after Carpathia next.

RMS Titanic, Inc. to Conduct First Research and Recovery Expedition to the RMS Carpathia

Company to Provide Insight into the Most Famous Rescue Ship of All Time
August 14, 2007: 09:00 AM EST


ATLANTA, Aug. 14 /PRNewswire-FirstCall/ -- RMS Titanic, Inc., a wholly owned subsidiary of Premier Exhibitions, Inc. , today announced that it will conduct its first research and recovery expedition at the wreck site of the RMS Carpathia.

Departing from Brest, France on August 16, 2007, the expedition team will oversee the archaeological recovery of artifacts from the Carpathia along with site documentation and assessment of the overall structural integrity of the historic ship.

RMS Carpathia was built in 1902 for the oceanic passenger trade, and provided service primarily between New York City, Queenstown and Liverpool, and between New York City and ports of the Mediterranean. On April 15, 1912, the Carpathia became the most famous rescue ship in the world. After receiving a distress signal from the Titanic, Carpathia's Captain Rostron quickly responded and rescued 705 passengers from the North Atlantic.

Six years later on July 17, 1918, Carpathia was torpedoed by a German U-Boat and sank while transporting military passengers for the British government during World War I. Carpathia was re-discovered in 2000 by a team of shipwreck explorers funded by author Clive Cussler of the United States.

"The story of Carpathia is one of heroism and ultimate tragedy. This expedition will allow us the unique opportunity to tell the complete journey of Titanic and its rescue ship through a new exhibition slated to open in the fall of 2008. In addition it will provide the public with important historical and archaeological insight into the final moments of the Carpathia," states Arnie Geller, President and CEO of Premier Exhibitions, Inc.

RMS Titanic, Inc. will be assisted in project operations by a number of independent contractors that include COMEX, Center for Maritime & Underwater Resource Management (CMURM), Conservation Solutions, Nautilus Marine Group, and Maritime Heritage Consulting. COMEX will provide the oceanographic research vessel Janus, remotely operated vehicles (ROVs), remote-sensing systems, ranging and positioning systems, and navigation systems. CMURM is a nonprofit scientific and educational organization specializing in underwater archaeology and historic shipwreck management. Conservation Solutions, Inc. provides a variety of services in materials conservation. Nautilus Marine Group will be providing consulting services for sector scanning sonar operations. Maritime Heritage Consulting will provide scientific, archaeological, and environmental consulting services for the field operations, post-processing of data, and production of the project field report.

The project team will consist of PH Nargeolet, Expedition Leader; Kenneth J. Vrana, Consulting Underwater Archaeologist; Rebecca Parker, Registrar and Archivist; Cheryl Mure Education Specialist; Don Angel, Recovery and Conservation Technician and David Galusha, Consulting Materials Conservator.

RMS Titanic, Inc. acquired acquisition rights to the RMS Carpathia in June 2001. In February 2007 the Company entered into a Purchase and Sale Agreement with Seaventures Ltd. pursuant to which Seaventures Ltd. acquired all of the Company's interest in the RMS Carpathia. Seaventures Ltd. has authorized RMS Titanic, Inc. to conduct an expedition to the wreck that will be performed for the joint benefit of RMS Titanic, Inc. and Seaventures.

RMS Titanic Inc. is the only company permitted by law to recover objects from the wreck of the RMS Titanic. The Company was granted Salvor-in- Possession rights to the wreck of the Titanic by a United States federal court in 1994 and has conducted seven research and recovery expeditions to the Titanic wreck site and recovered approximately 5,500 artifacts.

Premier Exhibitions, Inc. is a major provider of museum quality touring exhibitions throughout the world.

Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company has based these forward-looking statements on its current expectations and projections about future events, based on the information currently available to it. The forward-looking statements include statements relating to the Company's anticipated financial performance, business prospects, new developments, new strategies and similar matters. The following important factors, in addition to those described in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended February 28, 2006, especially in the Risk Factors and the Management's Discussion and Analysis sections, and its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K (each of which is available upon request from the Company), may affect the future results of the Company and cause those results to differ materially from those expressed in the forward-looking statements; material adverse changes in the economic conditions in the Company's markets, including terrorist attacks, competition from others, how much capital the Company may or may not receive from required financings, and whether or not, and to what extent, the Company consummates its planned leases to place exhibitions. We disclaim any obligation to update these forward- looking statements


http://money.cnn.com/news/newsfeeds/articles/prnewswire/CLTU06414082007-1.htm

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