OCEANSIDE, N.Y. – A rare, two-page letter, handwritten aboard the HMS Titanic by an assistant surgeon on the doomed ocean liner, sold for $40,700 after it had failed to meet the reserve in an auction held March 1-3 by Philip Weiss Auctions. The buyer—a museum in Belfast, Ireland, called Titanic Belfast—only learned about the letter a day before the auction.
After a mad scramble to secure funds to meet the reserve ($36,000), Titanic Belfast issued a bid for that amount, which was accepted by the seller. A 13-percent buyer’s premium pushed the final price to $40,700. The letter will occupy a prominent place in the museum, slated to open on March 31—100 years to the day after the Titanic was finished being built in Belfast.
“This was a perfect scenario, one that made four parties happy,” said Philip Weiss, the auctioneer for the sale. “The museum was thrilled to acquire the letter in time for its grand opening, the consignor got the reserve it wanted, the family of the letter’s author—themselves from Belfast—saw it return home, and, of course, we were happy to have conducted the sale.”
See on www.worthpoint.com
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