Titanic items to be auctioned off on 100th anniversary of wreck

titanic-getty.jpgMore than 5,000 items retrieved from the Titanic will be put up for auction on the 100th anniversary of the ship's sinking. The AP is reporting that Premier Exhibitions, which owns the salvage rights to the famed cruise ship, will sell off the artifacts off through the New York-based auction house Guernsey.

The auction, slated for April 15, 2012 - 100 years to the day that the luxury liner crashed into an iceberg in the North Atlantic - will include everything from old currency to fine china to portions of the ship's hull. The items were recovered during seven salvage missions conducted between 1987 and 2004. But there's bad news for collectors and fans as it will only be sold in one lot. In 2007, the collection was appraised at $189 million.

"We expect to identify a buyer capable of serving as a proper steward of the collection and the wreck site," RMS Titanic's president Christopher Davino says in an SEC filing.

The sinking of the Titanic has become legendary as it was one of the deadliest peacetime maritime disasters ever, killing 1,517 people. The story of the tragedy has been told in film, TV and books. The most famous is the 1997 film " Titanic" starring Leonardo DiCaprio and Kate Winslet.

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