Titanic Insurance Policy to be Auctioned

    Titanic Insurance Policy

    Avila Fine Arts has been working with Doyle New York to offer Atlantic Mutual’s insurance policy of the Titanic for auction. It is available for viewing now and will be on auction April 24. This is another piece of the large store of treasures we are liquidating for Atlantic Mutual regulators.


    Original Ledger For The Insurance Policy On The Titanic To Be Auctioned In New York

    NEW YORK, April 17, 2013 /PRNewswire/ — An important relic of nautical history will be auctioned on Tuesday, April 23 in New York. The original ledger page of the insurance policy taken out on the Titanic by the Atlantic Mutual Insurance Company will go on the block at Doyle New York, one of the world’s premier auctioneers. Estimated at $30,000-50,000, the insurance policy was written on behalf of the Oceanic Steam Navigation Company Limited, better known as The White Star Line…The exhibition is open to the public on April 19-22 at Doyle New York, located at 175 East 87th Street in Manhattan. The fully illustrated auction catalogue may be viewed online at DoyleNewYork.com. Interested bidders may call Doyle New York at 212-427-2730.

    SOURCE Doyle New York
    /CONTACT: Louis LeB. Webre, SVP, Doyle New York, Tel: 917-797-1508, Email: Louis@DoyleNewYork.com
    /Web site: http://www.DoyleNewYork.com

    Maritime Memorabilia Liquidation Project

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    American Mutual Insurance model ship


    Avila Fine Arts is handling the distribution of Atlantic Mutual’s art collection to auction houses as the insurance company is being liquidated.

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    Read more about this exciting project we are working on in the Wall Street Journal’s article, “Finding Treasures Among Insurer’s Wreckage.” Here is an excerpt:

    …Cynthia Hoogland, the owner of Avila Fine Art who is cataloguing the collection, had identified 245 artifacts.

    A favorite is an 1850 letter from 14 clerks to the company’s then president. They “respectfully” requested “gas fixtures may be affixed to our respective desks” in place of sperm-oil candles. The switch, they wrote, would cut down on “injury to our eyes from the constant flickering” and improve their performance.

    “What a great, humble letter” in beautiful penmanship, Ms. Hoogland says.

    The Disaster Books, with some entries handwritten and others comprising pasted-in newspaper clippings, cover all sorts of marine mishaps spanning a century: Ships run aground or sunk in hurricanes, damaged by uncharted wrecks or bumping into one another, and cargoes burned.

    While Lloyd’s of London has publicly accessible maritime archives, Atlantic Mutual’s might be the most comprehensive in the U.S., chronicling everything from “nautical fender benders to major disasters,” says Charles Haas, who used the company’s collection to research a book he co-wrote about the Titanic’s operator, White Star Line.