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Bankrupt Titanic Exhibitor Sets Biggest Sale Ever of Ship Relics - ABI

The company holding the rights to the R.M.S. Titanic and 5,500 artifacts from the ship has been mired in debt, placing the future of its collection in the hands of a bankruptcy court, Bloomberg News reported. A judge yesterday weighed plans for auctioning the largest trove of Titanic memorabilia, which already is drawing the interest of U.S. hedge funds, Chinese investors, British museums and award-winning director James Cameron. Among the items is the bell a crow’s nest lookout rang to warn the bridge of an iceberg ahead; window grills from the first-class dining area; a passenger’s three-diamond ring; and a suitcase full of clothes owned by William Henry Allen, an English toolmaker immigrating to America. Titanic, once the biggest ocean liner ever built, sank almost two miles below the sea on its maiden voyage in 1912, killing more than 1,500 of its 2,200 passengers. At least three groups are vying for the artifacts from the current owner, Premier Exhibitions Inc. It’s the successor to a company once owned by a wealthy Connecticut auto dealer, who bankrolled a French exhibition that retrieved artifacts from Titanic for the first time in 1987.

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