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$50 MILLION IN SUNKEN TREASURE TO BE AUCTIONED IN ATLANTIC CITY

 ATLANTIC CITY, N.J., Jan. 12 /PRNewswire/ -- The world's leading shipwreck salvors will auction off sunken treasure valued in excess of $50 million at the Trump Regency Hotel in Atlantic City on Sunday, Jan. 24, 1993. The treasures have been retrieved from 20 sunken vessels around the world, representing more than 3,000 years of maritime disasters. A two-day public exhibit and walk-through inspection will precede the auction on Jan. 22 and 23, from 10 a.m. to 6 p.m., offering an opportunity to see priceless artifacts dating back to the year 1500. B.C. Joseph Trabucco of J.P. Auctioneers Inc. of Beachwood Plaza, Bayville, N.J., will officiate the event to be held at 3 p.m.
 "Treasure Auction 93" will bring together the world's largest emerald ever recovered from a shipwreck (100.85 ct.); tons of gold, silver and platinum; Chinese Sung Dynasty porcelain bowls and vases; the Taj Mahal Treasure, 2,000 silver rupees, C. 1703; a 20-foot bronze Saker cannon, c. 1543; Egyptian terra cotta, c. 1500 B.C.; Alexander the Great coins, c. 320 B.C.; and much more. It will also unite world-renowned salvors and their individual accounts of "the deep."
 "In my 24 years as an auctioneer, I've never known such an exciting event," Trabucco noted. "Nowhere in the world will a person be able to stand in one room and be surrounded by such mind-boggling wealth and shipwreck history."
 The auction is the first of its kind, according to Richard Vaughan, a salvor from Florida who is working in association with Greco International Inc. of South Kearny, N.J., to organize the event. "In the past, only individual shipwreck auctions have taken place," he noted. "This will be the first time numerous treasure salvors have combined their discoveries under one roof."
 More than 25 groups are expected to participate. The salvors, their most noted shipwrecks and the dates the vessels perished include: Arthur C. Clarke (Oscar nominee for "2001: A Space Odyssey"), Muslim Trader, 1701; Sir Robert Marx/Tanit Corporation, Flora del Mar, 1511; Robert Colombo, Senora del Rosario, 1715; Mel Fisher's Atocha/Santa Margarita, 1622; Captain Carl Fismer, Concepcion, 1641; Krist Geriene, Chinese Junk, 900 A.D.; Kirk Gladwin, Santa Margarita, 1622; Herbert Humphreys Jr., Maravillas, 1656; Robert Lewis Knecht, Muslim Trader, 1701; Richard Linn, Atocha 1622; Nick Mallis, Baltic, 1866; Karen McKee, El Capitana, 1733; Chuck Mitchell, San Ignacio, 1733; Scot Neirhing, Atocha, 1622; Mehrdad Sadigh, unidentified Phoenician, c. 1200 B.C.; Warren Stearns, Senora de las Nieves, 1715; Robert Louis Stevenson III, Andrea Doria, 1956; Burt Webber, Concepcion, 1641; and Brian Baltus, unidentified galleon, early Spanish period.
 The Trump Regency Hotel is located at 2500 Boardwalk in Atlantic City. A $10 admission fee will be charged for the public exhibition on Jan. 22 and 23. A cocktail reception will precede the auction on Jan. 24 from 1 to 3 p.m. Only registered bidders will be allowed into the auction room. A $1,000 refundable fee is required for bidder registration which will be credited to a buyers account in the event of a purchase. J.P. Auctioneers will bid on behalf of those unable to attend. For more information, call 1-800-437-7557.
 CALENDAR LISTING: JAN. 12, 1993
 WHO: J.P. Auctioneers Inc. of Bayville, N.J.
 WHAT: Will auction off sunken treasure valued in excess of $50 million at "Treasure Auction 93"
 WHEN: On Sunday, Jan. 24, 1993, at 3 p.m.
 A two-day public exhibit and walk-through inspection will precede the auction on Jan. 22 and 23, from 10 a.m. to 6 p.m. A $10 admission fee will be charged.
 WHERE: In the Trump Regency Hotel Ballroom, 2500 Boardwalk, Atlantic City, N.J.
 WHY: With more than 25 groups expected to participate, this event represents the first time numerous world-renowned shipwreck salvors have combined their discoveries into one auction. The treasures have been retrieved from 20 sunken vessels around the world, reflecting more than 3,000 years of maritime disasters. Artifacts include the world's largest emerald ever recovered from a shipwreck (100.85 ct.); tons of gold, silver and platinum; Chinese Sung Dynasty porcelain bowls and vases; the Taj Mahal Treasure, 2,000 silver rupees, c. 1703; and much more.
 HOW: A cocktail reception will precede the auction on Jan. 24 from 1 to 3 p.m. Only registered bidders will be allowed into the auction room. A $1,000 refundable fee is required for bidder registration which will be credited to a buyers account in the event of a purchase. J.P. Auctioneers will bid on behalf of those unable to attend. For more information, call 1-800-437-7557.
 -0- 1/12/93
 /CONTACT: Caryl Bixon of Caryl Communications, Inc., 201-796-7788, for J.P. Auctioneers, Inc./


CO: JP Auctioneers Inc. ST: New Jersey IN: SU:

TS-OS -- NY082 -- 3998 01/12/93 12:08 EST
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