Deep in Atlantic, Titanic relics sail toward auction

Wreckage from the doomed ship could fetch close to $220 million at an auction this year

premium

The combined collection of 5,500 artifacts of the Titanic has an estimated market value of $218 million, according to a 2014 appraisal included in the docket. (Photo: Wikimedia Commons)

Eliza Ronalds-Hannon | Bloomberg

Last Updated : May 20 2017 | 10:08 PM IST

The Titanic may be under 2.5 miles of water, but wreckage from the doomed ship could fetch close to $220 million at an auction this year.

Premier Exhibitions Inc proposed the sale in a May 18 filing in US Bankruptcy Court in Jacksonville, Florida. The Atlanta-based company and its RMS Titanic Inc unit filed for Chapter 11 protection in June, amid a fight over artifacts it recovered from the vessel with the help of the French government.

More than 1,500 people died after the Titanic, the biggest passenger liner of its day, hit an iceberg and sank on its maiden