What's Happening?
A gold pocket watch that belonged to Isidor Straus, a first-class passenger on the Titanic, has been sold for a record $2.32 million at auction. This sale marks the highest price ever paid for Titanic memorabilia, according to the auctioneers. Straus was
a co-owner of Macy's department store and perished in the Titanic disaster in 1912. The watch, which stopped at 2:20 a.m., the time the Titanic sank, has become a significant historical artifact, drawing interest from collectors and historians alike.
Why It's Important?
The sale of Straus's pocket watch highlights the enduring fascination with the Titanic and its tragic story. Memorabilia from the Titanic often fetch high prices due to their historical significance and the emotional connection many feel to the event. This auction not only underscores the value placed on such artifacts but also reflects the broader interest in preserving history through tangible items. Collectors and museums may see this as an opportunity to acquire pieces that offer a direct link to the past, potentially increasing the market for similar items.
