The 14-carat gold Waltham pocket watch, belonging to John Jacob Astor IV, sold for an astonishing £1.17 million ($1.46 million) on Saturday, far surpassing its pre-sale estimate.
Henry Aldridge & Son, the auction house behind the sale, had initially anticipated the watch to fetch between £100,000 and £150,000.
Record breaking auctionThe staggering price achieved for the pocket watch surpasses the previous record set by Titanic memorabilia.
In 2013, Henry Aldridge & Son sold a violin played as the ship sank for £1.1 million.
Additionally, the violin’s case, sold alongside the pocket watch, fetched £360,000.
A piece of history linked to one of the wealthiest passengers aboard the ill-fated Titanic has set a new record at auction. The 14-carat gold Waltham pocket watch, belonging to John Jacob Astor IV, sold for an astonishing £1.17 million ($1.46 million) on Saturday, far surpassing its pre-sale estimate.
Henry Aldridge & Son, the auction house behind the sale, had initially anticipated the watch to fetch between £100,000 and £150,000. However, bidding quickly escalated, starting at £60,000, until it was eventually secured by an American buyer.
Fascinating history associated to the pocket watch
The significance of this timepiece lies not only in its luxurious materials but also in its poignant history. Engraved with the initials JJA, the watch was discovered alongside Astor’s body following the Titanic’s tragic sinking in April 1912.
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Astor, recognized as one of the wealthiest passengers aboard the ship, was found with other valuable items, including a diamond ring, cufflinks, and a substantial sum of money.
Remarkably, the watch underwent a full restoration after being returned to Colonel Astor’s family and was later worn by his son.
John Jacob Astor IV’s legacy as a prominent figure of his time adds an extra layer of fascination to this auction. With a net worth estimated at around $87 million, he was among the world’s richest individuals in the early 20th century.
Record breaking auction
The staggering price achieved for the pocket watch surpasses the previous record set by Titanic memorabilia. In 2013, Henry Aldridge & Son sold a violin played as the ship sank for £1.1 million. Additionally, the violin’s case, sold alongside the pocket watch, fetched £360,000.
Andrew Aldridge, the auctioneer, described the prices fetched by these Titanic artifacts as “absolutely incredible”, attributing the high demand to both their historical significance and the enduring fascination with the Titanic story.
