Hedge funds compete with consortium, including the National Maritime Museum and Titanic Belfast, for collection of 5,000 items

Hedge funds are competing with a set of British museums to purchase more than 5,000 artefacts recovered from the Titanic after the American company that owns the collection went bankrupt.

The British consortium, which includes the National Maritime Museum and Titanic Belfast, will now have to place a substantially higher offer to ensure that the items go to auction in October.

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