Gold pocket watch recovered from the body of the richest man on the Titanic who ... trends now

Gold pocket watch recovered from the body of the richest man on the Titanic who ... trends now
Gold pocket watch recovered from the body of the richest man on the Titanic who ... trends now

Gold pocket watch recovered from the body of the richest man on the Titanic who ... trends now

The pocket watch of the richest man on the Titanic – recovered when his body was fished out of the Atlantic seven days after the tragedy – was sold a record-breaking £1.175 million yesterday.

The timepiece belonged to John Jacob Astor IV, a US business magnate who was among more than 1,500 people who died when the ship struck an iceberg in the early hours of April 15, 1912.

His 14-carat gold Waltham watch was sold at Henry Aldridge & Son auction house in Wiltshire for a record-breaking £1.175 million, six times the guide price, matching the record paid for a Titanic artifact – the violin played by bandmaster Wallace Hartley.

Mr Astor, a hotelier who was worth £55 million – about £7 billion today – went down with the ship after helping his pregnant wife Madeleine into a lifeboat. He was last seen smoking a cigarette on the starboard wing of the bridge while chatting to a fellow first-class passenger.

Astor's body was recovered from the north Atlantic seven days later dressed in a blue suit and brown flannel shirt. He was later identified by the initials ‘JJA’ engraved on the watch and sewn on to his jacket.

Business magnate John Jacob Astor's 14 carat gold Waltham pocket watch was sold at Henry Aldridge & Son auction house in Wiltshire for a record-breaking £1.175 million, six times the guide price

Business magnate John Jacob Astor's 14 carat gold Waltham pocket watch was sold at Henry Aldridge & Son auction house in Wiltshire for a record-breaking £1.175 million, six times the guide price

The Titanic leaving Southampton on her ill-fated maiden voyage on April 10, 1912

The Titanic leaving Southampton on her ill-fated maiden voyage on April 10, 1912

John Jacob Astor IV and his new wife Madeleine, from an image taken shortly before they traveled on the RMS Titanic

John Jacob Astor IV and his new wife Madeleine, from an image taken shortly before they traveled on the RMS Titanic

Astor's body was recovered from the north Atlantic seven days later dressed in a blue suit and brown flannel shirt

Astor's body was recovered from the north Atlantic seven days later dressed in a blue suit and brown flannel shirt

John Jacob Astor IV left $69million of his $85million estate, equivalent to approximately $2.6billion in 2022, to his eldest son William Vincent Astor (right) who became the richest man in America

John Jacob Astor IV left $69million of his $85million estate, equivalent to approximately $2.6billion in 2022, to his eldest son William Vincent Astor (right) who became the richest man in America

How a lieutenant colonel whose ancestors made a fortune from the bloody fur trade became the most famous victim of the Titanic

John Jacob Astor IV was born into one of America's most prominent and richest families and was the wealthiest passenger to die on board the Titanic.

A noted investor, hotelier and inventor, Astor served as a lieutenant colonel in the Spanish-American war of 1898.

He was one of the 1,541 people who died the night of 15 April 1912 after making sure that his eight-month pregnant wife had made it on board a life-boat and escaped.

Astor was reportedly last seen smoking a cigar on the deck of the doomed luxury liner and later recovered from the freezing Atlantic Ocean on April 22.

He was wearing a blue serge suit, brown boots with red rubber soles and a brown flannel shirt when he perished.

Astor was fished out of the sea still with his gold watch, gold and diamond cuff-links, £225 in Pounds Sterling, $2,440 in American Dollars and £5 in gold.

He was worth $150 million in 1912.

The Astor family began with John Jacob Astor, an immigrant from Germany. He exploited the beaver fur trade to become America's first multi-millionaire in the late 1700s. 

He used his fortune to purchase 70 acres of prime Manhattan real estate including the areas surrounding Times Square and along the Hudson River. 

By the time he died aged 84 in 1848, he was worth $30million which is equivalent to over $1billion today.

John Jacob Astor IV made his money on slums built on the family's land with buildings that had little ventilation.

His family helped build the famous Waldorf-Astoria hotel on Park Avenue in New York. 

He left $69million of his $85million estate, equivalent to approximately $2.6billion in 2022, to his eldest son William Vincent Astor.

But William was not happy with

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