Sinking of the RMS Titanic cultural phenomenon, commemorated by artists, film-makers, writers, composers, musicians and dancers from the time immediately after the sinking to the present day. On 1 September 1985, a joint US-French expedition led by Robert Ballard found the wreck of "Titanic", and the ship's rediscovery led to an explosion of interest in "Titanic"s story. Numerous expeditions have been launched to film the wreck and, controversially, to salvage objects from the debris field. The first major exhibition of recovered artefacts was held at London's National Maritime Museum in 1994–95. In 1997, James Cameron's eponymous film became the first movie ever to take $1
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