Object: Found Treasure

An unusual object is coming up for auction at the Christie’s Important American Furniture, Folk Art and Silver sale in New York next week.

Lot 758 is a hefty silver bar that was recovered from the Nuestra Señora de Atocha shipwreck off the Florida Keys. Its markings tell the story of its journey - a passport of sorts - through duty stamps, the names of who transported it and where it was mined. Its destination was to be Spain, but instead it went to the bottom of the ocean during a hurricane in 1622. You can read a fascinating article about this item HERE.

Christie’s specialist Jill Waddell. (Image courtesy of Christie's)

Christie’s specialist Jill Waddell. (Image courtesy of Christie's)

Weighing in at nearly 30kgs, the ingot with .992 purity would be worth approximately $17,000 on today's market. However, like with jewelry that features a remarkable provenance, it is likely to go for far more. It's estimate is pegged at $20,000-$25,000 USD.

The auction is being held at Christie’s New York on Thursday, January 20th. More Information

UPDATE: Lot 758 sold for $40,000 USD