Wreck of the RMS Titanic but have been consumed by other organisms. "Titanic" sank in 1912, when she collided with an iceberg during her maiden voyage. Numerous expeditions tried using sonar to map the sea bed in the hope of finding it, but were unsuccessful. In 1985, the wreck was finally located by a joint French–American expedition led by Jean-Louis Michel of IFREMER and Robert Ballard of the Woods Hole Oceanographic Institution. The wreck has been the focus of intense interest and has been visited by numerous expeditions. Controversial salvage operations have recovered thousands of items, which have been conserved and put on public display.
Wreck of the RMS Titanic but the plans were abandoned for financial reasons. The following year, the British billionaire financier and tycoon Sir James Goldsmith set up Seawise & Titanic Salvage Ltd. with the involvement of underwater diving and photographic experts. His aim was to use the publicity of finding "Titanic" to promote his newly established magazine, "NOW!". An expedition to the North Atlantic was scheduled for 1980 but was cancelled due to financial difficulties. A year later, "NOW!" folded after 84 issues with Goldsmith incurring huge financial losses. Fred Koehler, an electronics repairman from Coral Gables, Florida, sold his electronics shop to finance the