Displaying items by tag: Arlan Ettinger

18th January 2012

Titanic Artifacts a Snap - at $189 Million!

#TITANIC - The Titanic is for sale - if you have a spare $189 million to spend, according to the Los Angeles Times.

The single-lot auction, which will take place in April on the 100th anniversary of the Belfast-built ocean liner's tragic demise, includes more than 5,000 items salvaged from the wreck, from gold coins and clothing to parts of the ship's hull itself.

But casual buyers need not apply, as aside from the multi-million-dollar outlay, the prospective purchases must also take on stewardship over the collection, preserving it for future generations and exhibiting parts of it to the public.

Arlan Ettinger, president of Guernsey's Auctioneers & Brokers in New York, commented: "It's like getting a puppy. When you bring it home, you don't think of all the responsibilities and the time and investment that will be required... But it takes great care."

Images of the items up for auction are available HERE.

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About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.