The vessel, which contains roughly 50 valuable amphorae, a two-handled jar with a narrow neck used by the ancient Greeks and Romans to carry wine or oil, was spotted by police divers roughly one mile from the shore of Alassio, 50 meters underwater.
Police were tipped off to the whereabouts of the boat during a yearlong investigation into purloined artifacts sold on the black market in northern Italy, Ansa news agency reported.
"This is an exceptional find," said Colonel Francesco Schilardi.
The Italian culture ministry said the ship should prove vital in shedding light on Rome's trade activity between the Italian peninsula, France and Spain.
