Sunken Treasure

Seabed trove

– Roughly 800 galleons from the 16th to 18th centuries rest on the seabed in the Gulf of Cadiz, off southern Spain, nexus of trade with the Spanish colonies.

– Another 150 galleons went down off the coast of neighbouring southern Portugal.

– The ships are believed to have contained a total of $1.5 billion in gold, silver and pearls.

– Most of the shipwrecks along the Spanish coast occurred when rotting hulls hit shallows, where they were ripped apart. They rest at a depth of 10 to 15 metres (33ft to 49ft); some are buried under layers of sand. Pirates were rarely to blame.

– Between 5,000 and 6,000 Spanish galleons were sunk along Spain’s colonial trade routes, in the Caribbean, around Panama and Florida, as a result of hurricanes and tropical storms.

Source: The Association for the Recovery of Spanish Galleons

Sponsored by:

More Collectible News

Rare Virgil Abloh Sneaker Auction

Sotheby’s Modern Collectibles is currently auctioning off rare pairs of sneakers designed by the legendary Virgil Alboh with some of the items already exceeding the pre-sale estimates. Alboh passed away on November 28, 2021 at the age of 41, after a two-year battle...

Rare Posters Auction Results March 2022

Another world record sale from PAI totals over $2.8M; Rare Posters Auction LXXXVI on March 20 realized new chart-topping prices. New York, NY – March 30, 2022 — Poster Auctions International’s (PAI) first sale of the year, on March 20, finished at $2,880,000. Rare...

Most Valuable Autographs and Signatures Ever Sold

This started as a top ten list, but we came across some additional entries that deserved to be on the list. 12) John F. Kennedy's Newspaper signed on the morning of his assassination: $39,000 The copy of the November 22nd 1963 edition of the Dallas Morning News was...

ANDY WARHOL’S LEGENDARY SHOT SAGE BLUE MARILYN up for auction in May 2022

Christie's is offering what is potentially poised to become the most expensive 20th century artwork ever sold at auction. With a pre-sale estimate of $200 million USD (with the possibility of a sale of $250 million), Shot Sage Blue Marilyn is described as among the...

0 Comments

0 Comments

Submit a Comment

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.