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.

A gold pocket watch that belonged to the richest man on the Titanic has sold at auction for a record-breaking £1.175 million...