Tag Archives: Titanic: The Artifact Exhibition

Recent Titanic News:Rare Titanic Letter, Baylor University Gets Titanic Exhibition

Postcard of the Titanic found in a book donated to Books for Amnesty, 103 Gloucester Rd, Bristol UK
Source: Bristol Post
Date: 20/07/2016
Photographer: Michael Lloyd/Freelance
Reporter: Lewis Pennock
Copyright: Local World

1. Rare Titanic Letter Offers Insight (Fox News, 10 April 2018)
A rare letter written onboard the RMS Titanic is going up for auction, detailing what life was like during the final days of the ill-fated ship. The letter was written by Second Class passenger and survivor Kate Buss on April 10, 1912, after she left Southampton, England, according to auction house Henry Aldridge & Son. “It’s a superb letter and it has been in the possession of the family since Miss Buss posted it on the Titanic,” explained Henry Aldridge & Son auctioneer Andrew Aldridge, in an email to Fox News.

2.The Mayborne Museum Will Present Titanic The Artifact Exhibition (kwbu.org, 10 April 2018)
Titanic the Artifact Exhibition is coming to Waco on June 2nd and it’s the Mayborne Museum’s first blockbuster exhibit. With 9 galleries and more than 150 artifacts pulled from the ocean floor, the Titanic exhibit is one of the biggest events ever held at Baylor University’s Mayborne Museum. Rebecca Nall says the museum was looking for a great event and this one fit the bill. “Titanic sunk more than 100 years ago but we know that it still holds a fascination for so many people.” she said.
Titanic:The Artifact Exhibition will run from 2 June 2018-6 Jan 2019. For tickets, hours of operation etc go to https://www.baylor.edu/mayborn/

3. Century-old black and white photos tell the heroic story of how a modest ocean liner the SS Carpathia was thrust into history by rescuing more than 700 Titanic survivors (Daily Mail,11 April 2018)
Dramatic photos of the ship that rescued survivors of the Titanic as the liner went down after hitting an iceberg have been unearthed. The UK-US Carpathia achieved worldwide fame when it heeded a distress call on April 15, 1912, and raced 58 miles to rescue hundreds of people from the Titanic. The photos have emerged on the 106th anniversary of the day the Titanic set sail from Southampton for its first and only voyage.Pictures from the collection show the view from the deck of the Carpathia as lifeboats from the Titanic approached, while another shows the officers from the ship posing for a picture. Other shots show several survivors of the Titanic, including Maggie Brown who was later nicknamed the ‘Unsinkable Molly Brown’ for her courage in standing up to the sailor in charge of the boat who refused to turn back to look for survivors in the water.


Journal Star:New Riverfront Museum Exhibit Explores The Enduring Fascination of the Titanic

Photo:Peoria Riverfront Museum
Photo:Peoria Riverfront Museum

Ann Schmitt, lead curator of the Peoria Riverfront Museum, has a few theories on the enduring fascination with the Titanic. The human interest in those that perished with the sinking ship continues, bolstered by the cinematic depiction in the blockbuster 1997 film of the same name. Schmitt also noted a Romantic idea of the ship has formed in the resulting century, coupled with an ongoing obsession with large-scale disasters. Whatever cocktail of psychology lies behind the fascination, it hasn’t been enough to satiate our appetite for more information about the Titanic. Schmitt would know best. “I’ve seen four different Titanic exhibits, and I’d see another one if it came to Chicago,” Schmitt said.
Source: New Riverfront Museum exhibit explores the enduring fascination of the Titanic (Journal Star,9 Nov 2016)

Exhibit Details
Titanic: The Artifact Exhibition will be at the Peoria Riverfront Museum from 12 November 2016-12 March 2017. It is strongly encouraged you purchase tickets online. For details about hours,purchasing tickets,and other information go to www.peoriariverfrontmuseum.org.


Premier Exhibitions Stock Woes

PremierExhibitionslogoStock charts are boring to look at unless it is a company you are invested in. And those who have invested in Premier Exhibitions, which owns RMS Titanic Inc and Titanic:The Artifact Exhibition, have to be wondering whether the company is going to survive. Over at  FranklinIndependent.com, they took a look at the stock performance and had this to say:

If the $0.45 price target is reached, the company will be worth $270,600 less. Double bottoms are rare but powerful chart patterns. The stock is down 23.31% or $0.152 after the news, hitting $0.5 per share. About 12,100 shares traded hands or 206.25% up from the average. Premier Exhibitions, Inc. (OTCMKTS:PRXI) has declined 40.37% since October 22, 2015 and is downtrending. It has underperformed by 42.63% the S&P500.

Yikes. The market is not liking Premier Exhibitions right now and I bet a lot of shareholders who have seen their stock value drop are not happy either. Patience will not last long for the new company president if they do not see their stocks going up in value soon. Usually it means lawsuits and lawyers with accountants rummaging through documents.

Source: Is Premier Exhibitions, Inc.’s Fuel Running Low? The Stock Formed Bearish Double Bottom Chart Pattern  (franklinindpendent.com,31 May 2016)

Premier Exhibitions Obtains $5M Loan

PremierExhibitionslogoPremier Exhibitions has filed a required Form 8-K with the U.S. Securities and Exchange Commission detailing the loan agreement. The total loan sum is $5m and requires the company take out $1m before 10 Dec 2015. A second draw of $1m is available upon written notice before 18 Dec 2015. And a third draw of $1m can be obtained before 31 Dec 2015. An additional $2m is available but only at the discretion of the lenders. The unpaid amount accrues a 12% annual interest rate and can be prepaid at any time (but requires you pay 105% of principal amount). Yanzi Gao, agent for the lenders, signed the agreement. According to the papers filed with the agency, the names of the lenders are: Jihe Zhang, High Nature Holdings Limited, and Lange Feng. Repayment is required by 1 Aug 2017.

Sources:
Premier Exhibitions, Form 8K, 9 Dec 2015
Premier Exhibitions, Exhibit A-Form 8K,9 Dec 2015

Buena Park Titanic Exhibition To Close Permanently January 3, Looking For New Home

The Titanic and Bodies exhibitions at the former Movieland Wax Museum in Buena Park, California is closing for good on 3 Jan 2016. The location has been sold and will host a butterfly and hummingbird atrium that will open in 2017. Meanwhile the search for a new location continues. The new location not only must have room for the exhibits but also for a gift shop. Premier is hoping to find a location in Southern California as attendance at Buena Park was one of the highest for U.S. locations.

Source: Bodies, Titanic Exhibits Hope To Stay Local (Orange County Register,8 Dec 2015)

Premier Completes Dinoking Merger

PremierExhibitionslogoWith the shareholder approval on 29 Oct 2015, Premier Exhibitions has announced it has executed all the necessary agreements and that the merger is now complete.  The Board Of Directors has appointed Daoping Bao as Executive Chairman Of The Board, President, and Chief Executive Officer of the company. The Board of Directors has increased to seven members and four new directors were appointed. Shareholders are hoping the new leadership will turn things around for Premier.
Source: Premier Exhibitions, Inc. Announces Closing Of Merger With Dinoking Tech Inc. (Globe Newswire [Press Release],2 Nov 2015)


Titanic Exhibition at National Mississippi River Museum & Aquarium Drew 154,065

 

From thonline.com (otherwise known as Telegraph Herald):

Titanic: The Artifact Exhibition” drew 154,065 people to the National Mississippi River Museum & Aquarium during its 20-week run, which ended  Oct. 11. At 5,000 square-feet, “Titanic: The Artifact Exhibition” was  the largest exhibit ever hosted at the river museum.

Source:’Titanic’ exhibit drew 154,065 to river museum (13 Oct
2015, thonline.com)

Premier Exhibitions Will Have Haunted Ghost Tours at Titanic: The Artifact Exhibition in Las Vegas

Every year when the calendar turns to autumn, I always look for the
first Titanic themed Halloween story. Sometimes it is stories of ghosts at Titanic exhibits or other such things. Well Premier Exhibitions has decided to capitalize on this interest by offering their own Haunted Ghost Tours at the Luxor Hotel exhibition in Las Vegas this Halloween season. According to the press release:

One of the most interesting spirit stories told is the “Lady in Black”
who is often seen on the Grand Staircase crying for her famous friend, Margaret Brown. Visitors will also get the chance to feel the presence of Frederick Fleet, Titanic’s look-out on the ill-fated night, who watches over the Exhibition’s Promenade Deck as he attempts to make up for his unfortunate late sighting of the iceberg. Additionally, guests will learn about the passenger who prophesied the sinking of the Ship of Dreams by writing to a friend just a few days before perishing in the North Atlantic, “Right now I wish the ‘Titanic’ were lying at the bottom of the ocean.

These special tours are only on Saturday nights at 8pm in October. I am surprised they will not have a special midnight tour on Halloween itself since it will be a Saturday (they will have the 8pm one though). Perhaps those ghost hunter guys will show up with those gizmos that detect ghosts to add an air of authority and perhaps a special on the History Channel (real Ghosts of Titanic!). Or just send in that poor sidekick from Muppet Labs. The last time he visited a haunted house, it was quite memorable.

Source: Experience R.M.S. Titanic’s Haunted Legacy this October with Haunted Ghost Tours at Titanic: The Artifact Exhibition (Press
release-Premiere Exhibitions, 21 Sep 2015)

Titanic News: Titanic Exhibition Coming To Dubuque, Franklin Expedition Ship Found

1. Titanic: The Artifact Exhibition will be at Dubuque, Iowa, National Mississippi River Museum & Aquarium from 23 May-7 Sep 2014. Details are still being finalized as to admission costs. Further information can be found at their website.
Source: Titanic Exhibit Coming To Dubuque’s River Museum(25 Sep 2014,Seattle Post-Intelligencer)

Sir John Franklin Photo: public domain
Sir John Franklin
Photo: public domain

2. Finding the Northwest Passage has been the dream of many explorers. At one time, some believed there was a navigable path between east and west just above Canada. In 1845 an expedition led by Captain Sir John Franklin with two ships–H.M.S. Erebus and the H.M.S. Terror–set off to traverse one of the last unnavigated sections. They were last seen in Greenland in late July, 1845 and later in Baffin Bay by whalers. After that they were never seen again. Later expeditions found relics and heard stories from the Inuit. It was learned thirty-five had died of starvation heading south. It was suspected some died of poisoning from eating from tinned cans. Darker talk of cannibalism also were said and much later confirmed by examining remains. Many of the remains confirmed that lead poisoning probably contributed to the death.  Their ships though remained lost until recently when a Canadian search team appears to have found one. It is not known whether it is the Erebus or Terror that has been found. A great deal of mythology and popular storytelling has grown up around this ill-fated expedition. Perhaps this find will lay some of them too rest.
Sources:
1. The Franklin Ship Myth, Verified(24 Sep 2014,The New Yorker)
2. Franklin’s Lost Expedition (Wikipedia)


Premiere Exhibitions Reports Lower Earnings In First Quarter Report

falling revenuesPremiere Exhibitions, which owns RMS Titanic Inc, recently announced its earnings for the first fiscal quarter of 2015 saw revenue decrease by 16.2% compared with first quarter last year. According to the press release:

Total revenue decreased 16.2% to $7.5 million compared to $8.9 million in the first quarter of fiscal 2014. Exhibition revenue was negatively impacted by a decrease in admissions revenue as a result of fewer touring exhibitions achieving profit share participation despite comparable average attendance per day. This was only partially offset by higher non-refundable license fees. Merchandise revenue was negatively impacted by a decrease in total attendance for semi-permanent and partnered exhibitions along with a decline in average retail sales per attendee.

Average attendance per exhibition day fell by 9.4% to 462 compared to same quarter last year with 510. They had more exhibition days during the quarter compared to last year. Some costs went down due to lower compensation costs.

So what does it all mean? Well Michael Little the interim president writes:

Our top-line performance reflects weaker demand for Titanic and Bodies in established venues such as Las Vegas and Orlando, lower average ticket prices across all semi-permanent locations, along with fewer of our domestic touring partnered exhibitions achieving profit share participation. These factors led to admission and merchandise sales declines that were only partially offset by higher license fees for rented exhibitions touring internationally. The year over year decrease in total revenues, coupled with rising exhibition costs, yielded a reduction in adjusted EBITDA and a net loss for the Company during the three-month period.

So things are not rosy over at Premiere. Fewer people are going to their exhibitions which translates into fewer merchandise sales. As for the Titanic artifacts collection, the official line is “Premier continues to explore strategic alternatives in conjunction with J.P. Morgan, however, there is nothing definitive to announce at the present time. In addition, the Company expects its independent appraisers to complete new appraisals of the entire Titanic collection, including all the artifacts and intellectual property obtained and developed subsequent to the last appraisal in 2009, over the next month.”

The nugget here is a new appraisal is being undertaken but not just of the Titanic artifacts but the intellectual property developed as part of this collection. That tells me they are trying to sweeten the pot. They will not only get the entire Titanic collection but all the other proprietary materials as well. It also makes sense if you are asking big money people to pony up millions of dollars.

Source: Premier Exhibitions Reports First Quarter Fiscal 2015 Results(15 Jul 2014,Marketwatch-Press Release)

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