A gold Waltham pocket watch belonging to the richest person aboard the ill-fated 883-foot steamship sold for roughly $1.5 million at a Henry Aldridge & Son auction in the U.K. over the weekend, setting a new record price for Titanic artifacts.

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,

A gold pocket watch that belonged to the Titanic’s wealthiest passenger has sold for almost $1.5 million, over seven times more than what it was predicted to sell. The watch, which belonged to John Jacob Astor IV,

The 14-carat gold pocket watch formerly belonged to the Titanic's richest passenger, businessman John Jacob Astor IV, who died during the ship's sinking.