Auctioneer: I don't think this price will ever be beaten

Alan Aldridge, of auction house Henry Aldridge and Son, has said he does not think any other piece of Titanic memorabilia will raise as much as the violin sold today:

I don't think this price will ever be beaten. The violin was the most iconic item we have seen and there were some very, very wealthy people bidding.

We estimated between £200,000 and £300,000 but we always said it had the potential to hit £1 million.

It is the only piece of Titanic memorabilia that has the potential to reach £1 million - it is so, so iconic.

– Alan Aldridge, auctioneer

He said that with the addition of the buyer's premium and VAT, the final price would top £1 million.

Read: Titanic violin sold for £900,000 smashes auction record

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Titanic violin fetches £900k

A violin that the bandmaster is thought to have played as the Titanic sank has fetched £900,000 at auction in Wiltshire. It is more than four times the highest price previously paid for a piece of Titanic memorabilia.