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.

A gold pocket watch given to the ship captain who rescued 700 survivors from the Titanic has sold at auction for nearly €2m, setting a record for memorabilia from the ship wreck.