In 1994, US Courts gave salvage rights to the RMS Titanic, 2.5 miles beneath the surface of the North Atlantic, to RMS Titanic Inc, a subsidiary of Premier Exhibitions Inc, but explicitly did not grant ownership of the wreck or the artifacts. Since then the company has undertaken seven expeditions to the wreck site and has retrieved more than 5,500 artifacts. On Friday, a A US federal judge awarded the US exhibition company $110m for salvaging artifacts from the wreck of the RMS Titanic, ruling that the company is entitled to their full market value. Whether or not the exhibitions company will be granted ownership of the objects has yet to be determined.
Old Salt Blog
a virtual port of call for all those who love the sea , hosted by nautical novelist Rick Spilman
The artifacts should be put on permanent display in a museum dedicated to the victims of the Titanic.
As for the ownership issue, shouldn’t the beneficial owner of the Titanic at the time of the accident be given priority together with the heirs of the victims in the case of personal items or belongings retrieved?
Just my 110 cents worth.