Tag Archives: RMS Titanic

Okay We Thought It Was Belfast, England, Las Vegas….Now Atlanta; Update On Titanic Exhibit Allegedly Shut Down By Water

Another day, another city where a Titanic exhibition may have been shut down by a water leak. The Daily Mail is reporting they think it was the Titanic exhibition in Atlanta, Georgia. That exhibition is at Atlantic Station in Atlanta, GA along with the Bodies exhibition. However Daily Mail is cautious and in the bullet points notes:

  • Exhibition believed to be taking place in Atlanta, USA
  • Not known when sign was put up or for how long exhibition was closed

Which means they are dart throwing and hoping it lands in the right place. I checked the Twitter page for this exhibition and found no mention (thus far) of any closure due to water. There are other cities out there with Titanic exhibitions. Let’s spin the wheel and see where it takes us next.

Wonder how that Titanic sinking hotel is doing these days. 🙂

Sources: Sunk Again! Titanic Exhibition ‘Closed Due To WATER DAMAGE‘(7 November 2o13,Daily Mail)

Titanic:The Artifact Exhibition-Atlanta

Shop Amazon – Countdown to Black Friday Deals Week in TV, Video

Sunday Titanic Newswrap

Photo courtesy George Behe
Photo courtesy George Behe

1. Crain’s Detroit Business examines the possible sale of the Titanic artifacts and who might be in the running to buy it. Candidates are Mariners’ Museum in Newport News, VA; Titanic Belfast museum (Belfast, N.I), and the Luxor Hotel in Las Vegas along with some very wealthy individuals. I would add, considering the interest of bringing Titanic II to UAE, that wealthy business people from there are also interested. Some might scoff at that but remember they have lots of money to spend and are tightly connected to their government (in some cases, they are actually in it). Having genuine Titanic artifacts on display would be a huge tourist draw.

A good portion of the article is divided between what the valuation might be for shareholders and a examination of Mark Sellers III, who took control of Premiere some years ago after getting frustrated with it’s then leadership. Sellers tells Crain’s he is in no rush to sell quick but admits there is pressure to do so. You think? Look at how much time has passed since the salvage award came down till now. At first it seemed like things might be proceeding towards a sale and then it just stopped. This year we finally learned this mysterious consortium that signed a non-binding letter of intent could not get the money. Shareholders thought they would be reaping benefits right now and have not. Sooner or later patience will run out if Seller’s cannot get the sale done. I see lawsuits and demands for transparency about the sale coming soon if nothing happens in six months.

Source: Buyer Sought For Titanic Artifacts; One Estimate: $189 Million(11 Aug 2013,Crain’s Detroit Business)

2. You learn of people finding something spectacular in garage sales or scrap yards, but this is the first I think for a Titanic plaque. Doug Turner spotted something dusty and dirty with “Titanic” on it. He bought it for $138 and cleaned it up. Turns out it is a memorial plaque for Titanic’s musicians. He found after checking it out online that it was really one of one. A photo he saw of it in a Titanic book said its whereabouts were unknown. It was was last seen in 1982.That is when he learned it was something really special–a genuine Titanic artifact of that time. Turner, who is in law enforcement, is making sure it cannot be stolen by Titanic fortune seekers. As to its worth, he has no idea but one can fairly guess since it is one of a kind it would fetch a very high price at a Titanic auction. For now he is not interested in selling it. It is currently on loan to Titanic Experience in Orlando where it will be shown next week.

Sources:
1. Titanic Artifact Found In Naples Scrapyard(9 Aug 2013,WFTX-TV)

2. Plaque With Ties To The Titanic Ends Up In Naples Scrap Yard(9 Aug 2013,WINK)

3. The Titanic exhibit in St.Claire, MI which ended on 27 Jul had 4,2000 visitors and brought in $75,000 for the  St. Clair Endowment Fund. The exhibit focused on the engineering behind the construction and included an18 foot long model of the ship done by Gary Kohs. His model has won praise for its accuracy. Kohs began designing the model in 1997 and completed in 2002. According to Randy Maiers, president of the endowment fund, they had people from all over the country came to the exhibit at the Moore Boathouse.

Source:Titanic Exhibit Money Goes To St. Clair Fund(7 Aug 2013,Times Herald)

Sunday Titanic News

Clive Palmer and his plans for Titanic II still fill the news. At the press conference where the actual plans and pictures were revealed, he was asked if it was a hoax. His actual response cannot be printed here (this is a family-friendly forum) but it was a resounding no. Many are skeptical and rightly so. Building a Titanic replica will be very expensive but Palmer insists he will do it. Certainly the pictures of the proposed ship and its interiors are remarkable. He really does want to recreate Titanic by making it look like it was in 1912.

There will, of course, be some modern additions like a casino but normal luxuries like spas (there will be Turkish spas as on the original), televisions, outdoor pools, and Internet connections will be absent . As to what entertainment will be on Titanic II, Palmer is unclear. However one does not need to be clairvoyant they will likely try to sign some major stars (calling Celine Dion for one!) to do shows. I think a lot of well known comedy and musical performers will line up to perform on Titanic II.

Passengers can expect to find period clothing in their rooms and Palmer intends to sell packages that allow you to rotate through first, second, and third class. Titanic II will have less passengers than the original. Titanic and ships like her made money from cramming every nook and cranny to make money in the transatlantic trade. Today passengers are coming aboard for a holiday and ships are built differently. While large cruise ships can carry 2,800 passengers and up, smaller tonnage ships may just have 450.

Palmer likes to say sailing on Titanic II will be a chance to spend time with family. And he insists people are already lining up to buy tickets. Even better he expects people to line up to come aboard in port to have pictures taken on the bow to recreate a scene from the famous movie (you know that one, right?)

So is this for real? Many are skeptical but if anyone could pull this off, Palmer just might. As for Titanic II being in bad taste, he disputes that and says it will pay tribute to those who sailed on Titanic. The papers with the shipyard are scheduled to be signed in the next few weeks. Come 2016, the big news might very well the launch of Titanic II and possibly another Titanic replica down the road.

Some Recent Titanic II News Articles

1. Titanic II Is No Hoax, Insists Billionaire Mining Magnate(2 Mar 2013, Metro)
2. Titanic II ‘Not In Bad Taste’, Insists Maker(2 Mar 2013, Sky News)
3. The Titanic time warp: We knew it was being rebuilt, but as these amazing new designs show, it really WILL be 1912 all over again (Daily Mail, 2 Mar 2013)
4. New Titanic II liner Will Be So Successful A THIRD Titanic May Be Built Says Magnat(2 Mar 2013, Daily Echo
5. Australian To Build ’21st Century Titanic'(2 Mar 2013,Irish Times)*

*We no longer provide links to Republic of Ireland newspapers due to policy demanding payment for news links.

<


Major Decision: Federal Judge Awards Title To Titanic Artifacts

The long awaited decision of Federal Judge Beach regarding title to Titanic artifacts has been rendered. Judge Beach granted RMS Titanic, Inc. title to fine china, ship fittings, and other artifacts recovered from the ship by the company. The condition is that the artifacts be preserved so the court will have to approve sales.

Sources:

1. The Virginian-Pilot, Norfolk Judge Awards Rights To Titanic Artifacts, 16 August 2011

2. Associated Press, Judge: Salvage Firm Has Title To Titanic Artifacts, 15 Aug 2011

 

Titanic Piece Up For Auction-Or Not?

Heritage Auction Gallery in Dallas, Texas is auctioning items from the Charles Pelligrino collection that includes an actual piece of Titanic. According to the press release:

“This section, however, was part of the “crackage” of the great boat, which sheared away from the vessel as it broke in half, and was recovered from the ocean floor some distance from the wreck. A semicircular depression in one corner of the piece is evidence of the force with which the ship cracked, sufficient to pop a rivet completely away from the hull. It has become essentially fossilized after the bio-absorption.”

On my discussion list I speculated that RMS Titanic Inc. (part of Premiere Exhibitions) likely would be upset and go to court. One of the list participants contacted Premiere and was told discussions were going on, and that the auction house would be making a correction.

So far nothing has been released just yet but the obvious question is how Pellegrino acquired this piece. We know Titanic split in two and that there is a debris field between them. Most (but not all) artifacts come from the debris field. Some artifacts were brought up before RMS Titanic Inc (RMSTI) filed for salvage rights (some by RMSTI and the French brought some up as well). So it is possible this piece came up before any salvage rights were awarded.

The press release is rather vague about where it was found. It implies it was found away from the debris field which might put it outside of RMSTI’s control. And we do not know who certified it as part of Titanic. It will be interesting to watch how this story unfolds.


Titanic Exhibitor Faces Crisis;Major Shareholder Selling Stake

Reuters is reporting that Sellers Capital, which has a 46% stake in Premier Exhibitions, has stated it will be selling its position. The reason is that Sellers is facing increased redemption demands and needs to return the capital to its investors. Premier states it is “assessing strategic alternatives” which means it is trying to figure out to handle the sale. Sellers wants to sell its share to a buyer committed to preserving the Titanic artifacts as represented to a Federal court judge in a hearing last year.

The problem, I suspect, is finding an investor (or a group of them) who wants to sink money into this company. Premier handles many exhibitions and Titanic is one of them. An additional problem yet unanswered is the final disposition on the aritifacts. Premier Exhibitions does not own them but is the legal sucessor to the company that did the salvage, RMS Titanic Inc. That company was awarded salvor-in-possession status, not outright ownership of the artifacts. And a federal judge put restrictions on how those artifacts can be used. Premier has filed a motion with the federal court to grant them a salvage award allowing them to sell the artifacts. A ruling has not been made.

Of course there is the possibility of government action. The U.S. government might declare an interest in the matter saying it is of great historical value and use its powers to take them out of Premier’s hands. All of this uncertainty is not something that will attract investors unless they have lots of money to burn. It is quite possible investors from the Middle East or Asia might well end up buying the share.

Source: Reuters, Premier Exhibitions’ Largest Shareholder To Sell Stake, 21 June 2010