Chandelier bought for under $500 to fetch millions at auction

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Chandelier bought for under $500 to fetch millions at auction
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The chandelier was found in an antique store for under $500 - it's now expected to sell for up to $5 million. 9News

A pocket watch frozen in time at the moment its owner sank with the Titanic has been sold for $175,000. The watch belonged to postal clerk Oscar Scott Woody and was recovered from the chilly depths of the Atlantic Ocean, the BBC reports.One month after the doomed ship went down on April 14, 1912, the watch was returned to his wife Leila. It was sold on Saturday by British auction house, Henry Aldridge & Sons along with several other items connected to the Titanic.

The two-metre fossil is about 76 million years old and still has most of the external skull bones and numerous teeth, Sotheby's experts said. Auctioneers expect the medal to be popular at auction due to Sydney Olympic medals being relatively rare on the market. Sothebys estimates the painting will fetch up to US$35 million when it is sent to auction on January 27 next year in New York.A pink diamond was sold for $78 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction.

The buyer was a wine collector from the Greater Sydney area, and was competing for the coveted bottle against two other bidders.A Chinese vase expected to fetch €1500 to €2000 at auction has sold for more than €9 million after a bidding war between collectors.

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