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☆ A crypto bigwig dropped $1.5M on a watch from the Titanic as a gift for his wife
▼ + stars: | 2024-05-01 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +3 min

FTX's former head of Europe bought the most expensive Titanic relic ever auctioned. The gold watch sold for $1.5 million, and belonged to John Jacob Astor IV. Gruhn is a German crypto law veteran who formerly served as the head of FTX Europe. Gruhn is now readying the launch of a new crypto trading venue called Perpetuals, and said he plans to restart FTX Europe under a different name. "From all the facts it was clear that FTX Europe did not and couldn't know about the fraud from SBF," he said.

Persons: John Jacob Astor IV, Gruhn, —, Patrick Gruhn, Henry Aldridge, Astor, Andrew Aldridge, wasn't, Sam Bankman, Fried Organizations: Service, Titanic, titans, Henry Aldridge & Son Locations: Europe, German, America, United States, Gruhn

☆ John Jacob Astor’s gold watch worn on Titanic to be sold at auction
▼ + stars: | 2024-04-26 | by ( Emily Blumenthal | ) edition.cnn.com time to read: +2 min

Astor was one of around 1,500 people who died when the Titanic sank on April 15, 1912 after hitting an iceberg. The violin itself was sold for $1.7 million via the same auction house in 2013 and is the highest-selling item from the ship ever. The valise belonging to Titanic bandmember and orchestra leader Wallace Hartley, which held the violin he played as the Titanic sank, is also for sale. The watch was among the personal effects found with Astor’s body after the Titanic sank, according to the auction house. In 1935, Vincent gave the watch as a christening gift to the infant son of William Dobbyn IV, John Jacob Astor’s executive secretary, according to the auction house.

Persons: John Jacob Astor IV, Astor, Madeleine, Henry Aldridge, bandmember, Wallace Hartley, Andrew Aldridge, Aldridge, Vincent Astor, Vincent, William Dobbyn IV, John Jacob Astor’s, ” Aldridge, John Jacob Astor IV’s cufflinks Organizations: CNN, Titanic, Henry Aldridge & Son, Son Locations: Wiltshire, England, United States

☆ A First-Class Dinner Menu from the Titanic Could Fetch Thousands at Auction
▼ + stars: | 2023-11-09 | by ( Derrick Bryson Taylor | More About Derrick Bryson Taylor | ) www.nytimes.com time to read: +1 min

There were oysters, salmon with Hollandaise sauce, beef, squab, duck, roast chicken, green peas, parsnip purée and Victoria pudding. The feast described is not a Thanksgiving meal, but a snapshot of what first-class passengers on the Titanic ate for dinner on April 11, 1912, when the ship left Queenstown, Ireland, for New York. A menu from that night, with an embossed red White Star Line flag at the top and signs of water damage, will go up for auction on Saturday at Henry Aldridge & Son Ltd in southwest England. It is expected to sell for up to 70,000 pounds, or about $86,000. The auction will include hundreds of other maritime items, including a White Star Line tartan blanket that was recovered from a Titanic lifeboat and a pocket watch owned by a second-class passenger, a Russian immigrant, who did not survive the sinking.

Persons: purée, Henry Aldridge, Andrew Aldridge Organizations: Star, Henry Aldridge & Son, White Locations: Victoria, Queenstown, Ireland, New York, England, Russian

☆ VIEW Bank of England lifts UK rates to 3% in historic hike
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Toby MelvilleLONDON, Nov 3 (Reuters) - The Bank of England raised UK interest rates to 3% on Thursday in its largest rate hike since 1989 and warned of a "very challenging outlook" for the economy. Money markets showed traders now expect UK rates to peak at 4.6% by next September, compared to expectations of 4.8% just two days ago. UK bank stocks (.FTNMX301010) fell 0.8%BONDS: Yields on the two-year gilt were last up 1 basis points at 3.041%, compared with 3.064% before the BoE announced its decision. Rates markets are pricing another 50bps hike at each of the December and February meetings, although still reflect a lower terminal rate than just a week ago. ANDREW ALDRIDGE, PARTNER AT DEEPBRIDGE CAPITAL, LONDON"Quelling rampant inflation and kickstarting a slowing economy left the Bank facing a difficult balancing act, with today's interest rate hike to 3% hardly surprising in this context.

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