Published on : Monday, July 24, 2017
As per reports, Premier Exhibition the current owner filed for bankruptcy protections last year and is selling the 5,500 artifacts as complete lot which is worth $218 million according to a fine arts appraiser in 2014.
The objects include a sapphire ring, a bronze cherub from the staircase along with the rights to any future expeditions.
The ship represents engineering’s greatest failures sinking in the Atlantic killing around 1,517 people, however the vessel was meant to be a symbol of innovation.
Interested buyers will have to face down some of the key people associated in the Titanic history, including James Cameron, the director of the 1997 Oscar-winning movie about the ship’s fate and expedition.
David Gallo, an oceanographer led the 2010 expedition of the site told that Jim was passionate about that site and wanted the collection to stay together.
It is said that the interested buyers can make the bids by this week as per the bankruptcy judge in charge of the case.
Bob Ballard expressed his concerns in acquiring the collection, he led the first deep-sea expedition that found Titanic and recovered many of the objects.
He stated that the collection will be lost to the world at large.There might be concerns if a private buyer gets the collection and could be preserved improperly and hidden from the public eye.