Introduction. After the Titanic sank to the bottom of the Atlantic Ocean on April 15, 1912, hundreds of the survivors, families of victims, and owners of cargo filed claims against the
The most valuable single item onboard the Titanic was, however, a 1912 painting by Merry-Joseph Blondel, La Circassienne au bain. Based on the insurance claim made after the fact, the work was estimated to be $100,000, equivalent to just over $3 million dollars today.
Collective value of recovered jewels: $200 million (£143.6m)
One of the largest and most luxurious ships in the world, the Titanic attracted some incredibly affluent passengers, and when the vessel sank, so did swathes of their riches.
The RMS Titanic cost about $7.5 million to build.
He died in the sinking of the RMS Titanic during the early hours of April 15, 1912. Astor was the richest passenger aboard the RMS Titanic and was thought to be among the richest people in the world at that time, with a net worth of roughly $87 million (equivalent to $2.64 billion in 2022) when he died.
White Star paid nothing until December 1915, when they agreed to pay compensation of $664,000 to to be be divided amongst the survivors. Worked out at about $950 per person. Adjusted for inflation, that works out to be $22,000.
$20 in 1912 has the same "purchasing power" or "buying power" as $625.49 in 2023.
As reported by IMDb, the leading actress of the movie, Kate Winslet was paid $2 million for her role of Rose DeWitt Bukater. Not yet a big name in the industry, Winslet's pay was actually just half a million less than Leonardo DiCaprio who earned a base salary of $2.5 million.
The lookouts along with the officers on the bridge knew that a calm ocean would make icebergs hard to see with no breaking water at the base. It was also extremely cold that night with sea surface temperatures reportedly at 28 degrees -- a lethal temperature for any person.
Of the 337 bodies recovered, 119 were buried at sea. 209 were brought back to Halifax. 59 were claimed by relatives and shipped to their home communities. The remaining 150 victims are buried in three cemeteries: Fairview Lawn, Mount Olivet and Baron de Hirsch.
Oceanographers have pointed out that the hostile sea environment has wreaked havoc on the ship's remains after more than a century beneath the surface. Saltwater acidity has been dissolving the vessel, compromising its integrity to the point where much of it would crumble if tampered with.
Researchers exploring the Titanic in the submersible craft Alvin said today they had found several ship's safes and had tried unsuccessfully to pull one open with a remote-controlled claw. The safe's handle was grasped, but it would not open, the leader of the expedition, Dr. Robert D.
Despite hundreds of claims seeking more than $16 million in damages, negotiations outside of court led to a total settlement of $664,000 in July of 1916.
Pablo Picasso paintings
None of his paintings were on the ship.
Since no one owns the Titanic, people are free to recover items from the ship if they are able. The United States granted “salvor-in-possession” status to RMST giving them the legal and exclusive rights to retrieve items from the wreck.
Leonardo DiCaprio was paid $2.5 million for his role in the movie. Titanic has been released multiple times in theatres since 1997. It is reported that Leonardo DiCaprio earned around $37.5 million from the Titanic after it emerged as a historic box-office success.
Titanic: Did You Know? Kate Winslet's Salary Was Just Half A Million Less Than Leonardo DiCaprio, Who Eventually Ended Up Making $37.5 Million More!
For instance, despite receiving a basic pay of just $2.5 million for the 1997 film Titanic, he ultimately made $40 million because to a 1.8% share of the gross backside points.
$100 in 1912 is equivalent in purchasing power to about $3,127.45 today, an increase of $3,027.45 over 111 years.
Shipbuilders worked tirelessly for two years to create the mammoth structure that was to become the Titanic, and eight workers died during its construction. After the ship was finished in 1912, the Titanic was set for its maiden voyage in early April.
$7,500,000 in 1912 is equivalent in purchasing power to about $235,149,742.27 today, an increase of $227,649,742.27 over 111 years. The dollar had an average inflation rate of 3.15% per year between 1912 and today, producing a cumulative price increase of 3,035.33%.
Robert Hichens: How 'man who sank the Titanic' spiralled into depression before being jailed for attempted murder. The man at the wheel of the Titanic when it struck a fateful iceberg in 1912 has not been remembered well throughout history.
After the Titanic sank to the bottom of the Atlantic Ocean on April 15, 1912, hundreds of the survivors, families of victims, and owners of cargo filed claims against the White Star Line for loss of life, property, and for injuries sustained. Their claims totaled $16.4 million.
It was her sister, Edna Kearney Murray who survived the sinking of the Titanic but it wasn't in an overloaded lifeboat. “My great aunt Edna was in England at the time and had purchased a ticket for return passage to America on the Titanic,” Chris said.