Watch given to captain who saved 700 Titanic passengers sells for £1.56m

Amount paid at auction is highest ever for memorabilia related to ship that sank on its maiden voyage in 1912

A gold pocket watch presented to the captain of a steamship which rescued more than 700 passengers from the Titanic has sold for a record-breaking 1.56m.

The sum - the highest amount ever paid for Titanic memorabilia - was paid by a private collector in the US, said auctioneers Henry Aldridge & Son of Devizes, Wiltshire.