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Time to rearrange the offering?

There was no winning bid in an auction Sunday for a worn beechwood recliner reportedly snatched from the Titanic as a souvenir before the ship left, a British-based auction house said.
/ Source: The Associated Press

There was no winning bid in an auction Sunday for a worn beechwood recliner reportedly snatched from the Titanic as a souvenir before the ship left, a British-based auction house said.

The bidding topped out at $62,000, short of a confidential sale threshold set by its anonymous seller, said Josephine Olley, a spokeswoman for Bonhams & Butterfields. Bonhams will now try to sell the chair privately.

The deck chair, with a fold-out footrest, was one of more than 2,500 lots on the block this weekend at a collectibles auction.

Bonhams & Butterfields says the deck chair is one of only six left in world.

The ocean liner struck an iceberg on its maiden voyage and went down in the North Atlantic in April 1912, killing about 1,500 people.