Auctioneers Henry Aldridge and Son, who sold the watch to a private U.S. collector on Saturday, said it’s the most paid for a piece of Titanic memorabilia.

A gold pocket watch presented to Captain Arthur Rostron, who led the rescue of 700 Titanic survivors, has set a new auction record.

The 18-carat gold pocket watch was given by the widows of three wealthy passengers who all sank with the ship. Read more at straitstimes.com.