Gold pocket watch owned by the richest man on the Titanic, who died when the ship sank, fetches record $1.5 million

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A gold pocket watch owned by Titanic's richest passenger sold at auction for around $1.5 million. The sale is the highest price ever paid for an item of Titanic memorabilia. The watch was owned by John Jacob Astor IV, a businessman who died when the ship sank in 1912. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement A gold pocket watch that belonged to the richest man on the Titanic has sold at auction for a record-breaking £1.175 million, which is roughly $1.5 million. The watch was sold on Saturday to a private collector in the US by Henry Aldridge & Son, an auction house in Devizes, Wiltshire, South West England. "Thank you to all of our customers today in the room, online and on the telephone," a post on Henry Aldridge & Son's Instagram read, adding that the sale of the watch had fetched a "new house record." This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .