You have to wonder about gits with money when it comes to all things Titanic. In 2007, a ‘collector’ bought a [used] Titanic life jacket for £35,000 from a UK auction house. Battered, ocean-licked and torn, it had been worn by a 3rd class passenger sparring for survival in the Findus-cold waters of the North Atlantic 100 years ago today. A few months later another life jacket sold for a staggering €119,000 – thought to be worn by the secretary to the wife of Cosmo Duff-Gordon – accused of bribing crew members not to return their half-filled rowboat to the sinking ship to pick up survivors. Class division has a price tag, even in an era of relics.
Business man Mark Manning is banking on a £2 million sale by breaking up and selling a tiny piece of the liner’s hull. The fragment was a scientific sample from the larger of only two known segments of the hull salvaged from the wreck in 1998 (Mark acquired his piece last year for £12,000, according to the Chester Chronicle) and formed part of the ship’s adjoining cabins C79 and C81. While Mark’s lump of liner is ‘privately owned’, the two larger pieces of hull and the rest of the New York auction, valued at around £122 million, must go to a single buyer with strict conditions relating to storage and preservation. “I will sell it to the highest bidder,” he told the paper. “Or I can get a guy to cut it into just over 1,000 pieces and I can sell them for £2,000 a time, if you do the maths, 1,000 x £2,000 = £2m”. He also acquired a wooden segment of the grand staircase from first class, a lump of coal from the boiler room and a fragment of a discarded off cut of carpet.
Since 1985, when the wreck of the Titanic was discovered, thousands of sodden souvenirs have been hauled to the surface in seven expeditions: leather trunks, china plates, letters, shoes, wallets, candlesticks, keys to a first class toilet, rivets (one rivet made $15,000 at auction), a brass thunderer whistle, Clews teapot, creamer and sugar basin, tickets for the Titanic’s Turkish bath, Marconigram messages, White Star Line candy dish, deck chair, a steel section that broke away from the starboard side as the ship sank, lockets, gold coins, cuff-links, jewellery made with ‘authentic coal’ from the ship, have all found plenty of buyers. Titanic fanatics are also willing to pay $91,000 to get up close to the ship in small Russian submarines.
There’s no end to the line-dance of lucrative packrats prepared to pay top Euro/Dollar/Sterling/Ruble for lumps of the 46,329 tonne rust-bucket, in the hope of salvaging an ordinary piece of human anguish. A restaurant in Houston served up a $12,000 ‘last supper’ this week in honour of Titanic’s infamous Ritz restaurant. It hired top chefs to cook up an ice storm of consomme olga, poached salmon with dill-flavoured mousseline sauce, calvados-glazed roast duckling, pate de foie gras, asparagus salad with champagne-saffron vinaigrette, peaches in chartreuse jelly and chocolate eclairs. Titanic buffs and memorabilia hunters with lots of dough can jig like the dickens and fantasise goodo about herding bonnet-clad women into lifeboats, while smoking Garcia Perlas Finas cigars.
- Cigar box owned by captain Smith: £25,000
- China saucer: $20,000
- Postcard mailed from the Titanic: $2,068
- Rivet: $15,000
- Original launch ticket: $70,000
- Keys to a first class toilet: $53,000
- Menu found in 1st class purse: £76,000
- Letter written by Captain E J Smith: £28,000
- Titanic’s lamp trimmer: £59,000
- Letter by steward James Arthur Painton: £15,000
- Lillian Asplund’s personal collection (she was 5 years old when travelling on Titanic, her three brothers and father drowned): £120,000
- Locker key and postcard: £70,000
- Gilt pocket watch & gold chain, American money, a button, comb: £38,000
- Job lot including letters, postcards, telegrams from survivors and photographs of passengers: $193,140
- Deck log deck log from cable ship SS MacKay-Bennett: €100,000
- First-class passenger list: £24,000
- Victim’s watch [John Gill]: £25,000
- Fragment of lifebelt: £6,900
- First-class brochure: $ 11,380
Marine moonlighters & billionaire bandits could take inspiration from 47-yr-old Stan Fraser from Inverness. He built his own eco-friendly 100ft long Titanic model out his back garden complete with its own ‘Paris Bar’ without plundering a sea-morsel. Two caravans became the hull and over time he added a wooden shed and various cast-offs until his Ship of Dreams was complete. His model also features four funnels – three belch smoke, the fourth is just for show – just like the original. Any donations he receives from folk eyeballing his suburban compost ship go straight to the Royal National Lifeboat Institution.
The vast majority of the Titanic’s swanky furnishings remain in the two middle sections of the wreck but the ship is slowly being consumed by iron-eating microbes on the sea floor and won’t be around in another 50 years. It also rests in international waters, leaving it in a grey legislative area since no country can claim full responsibility for it. Now the UN’s heritage body Unesco is stepping in to protect the ship under a UN Convention on the Protection of Underwater Cultural Heritage, which covers wrecks only after a century has passed. It can impose fines and other civil penalties on anyone who disturbs the site and will hopefully pull the plug on a 27 year ghoulish treasure hunt. Maybe it’s now starting to sink in: “That’s the last of her.”