An ancient treasure trove salvaged from a 1,000-year-old shipwreck found by Indonesian fishermen is set to go under the hammer in Jakarta on Wednesday with a minimum price of US$80 million.
Belgian treasure-hunter Luc Heymans said the haul was one of the biggest found in Asia and was comparable to the most valuable shipwreck ever found anywhere, that of the Atocha, a Spanish vessel which sank off Florida in 1622.
It includes 271,000 pieces such as rubies, pearls, gold jewelry, Fatimid rock-crystal, Iranian glassware and exquisite Chinese imperial porcelain dating back to the end of the first millennium, or around 976AD.
PHOTO: AFP
“At the time there was a lot of trade going on between Arabia and India and coming down to Java and Sumatra,” said Heymans, who led the salvage effort and subsequent battles with Indonesian officialdom to bring the treasure to light. “But we think there must have been an ambassador on board because so many pieces are imperial Chinese porcelain.”
Descending for the first time onto the wreck site north of Cirebon, West Java, in 2004, the veteran diver said he couldn’t believe what appeared out of the gloom on the sea floor.
“The site was 40m by 40m and it was just a mountain of porcelain. You couldn’t see any wood,” he said.
And not just any porcelain. The pieces include the largest known vase from the Liao Dynasty (907 to 1125) and famous Yue Mise wares from the Five Dynasties (907 to 960), with the green coloring exclusive to the emperor.
Around 11,000 pearls, 4,000 rubies, 400 dark red sapphires and more than 2,200 garnets were also pulled from the depths by Heymans and his team of international divers. It took 22,000 dives to bring it all up but Heymans said the salvage work, from February 2004 to October 2005, was the easy part.
“All the major problems began after we got the stuff on shore,” he said.
The police arrested two of the divers even though Heymans’ company, Cosmix Underwater Research, and his local partner, Paradigma Putra Sejathera PT, had painstakingly arranged survey and excavation licences.
The divers spent a month behind bars before the mix-up was resolved.
There were also run-ins with the Indonesian navy, efforts by rivals to move in on the wreck, a year of litigation and two years of waiting while Indonesia drafted new regulations to govern such work.
Some of Heymans’ backers, who covered him to the tune of US$10 million, began to worry that their investment would be lost at the bottom of the Java Strait, he said.
“I feel some relief now because so many people told me I would never be able to get the permits and get the stuff out of the country,” he said.
He said, however, that it was one of the most difficult ordeals of his career.
By coincidence, officials last week said another treasure hunter who is well-known to Indonesia, Michael Hatcher, is under investigation for allegedly plundering valuable Chinese porcelain from a new wreck.
Indonesian Marine and Fisheries Ministry official Adji Sularso said the probe came after authorities seized 2,360 items dating from the Ming Dynasty (1368 to 1644) that Hatcher was allegedly trying to smuggle out of the country.
The porcelain was loaded in two ships that were intercepted off West Java in September last year.
No charges have been laid but police said on Friday that Hatcher was a fugitive and alerted border officials to block him from attempting to flee the country. His current whereabouts are unknown.
PROTECTIONISM: China hopes to help domestic chipmakers gain more market share while preparing local tech companies for the possibility of more US sanctions Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence (AI) chips instead of Nvidia Corp products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to develop and run AI models, sources familiar with the matter said. The policy has taken the form of guidance rather than an outright ban, as Beijing wants to avoid handicapping its own AI start-ups and escalating tensions with the US, said the sources, who asked not to be identified because the
Taipei is today suspending its US$2.5 trillion stock market as Super Typhoon Krathon approaches Taiwan with strong winds and heavy rain. The nation is not conducting securities, currency or fixed-income trading, statements from its stock and currency exchanges said. Yesterday, schools and offices were closed in several cities and counties in southern and eastern Taiwan, including in the key industrial port city of Kaohsiung. Taiwan, which started canceling flights, ship sailings and some train services earlier this week, has wind and rain advisories in place for much of the island. It regularly experiences typhoons, and in July shut offices and schools as
FALLING BEHIND: Samsung shares have declined more than 20 percent this year, as the world’s largest chipmaker struggles in key markets and plays catch-up to rival SK Hynix Samsung Electronics Co is laying off workers in Southeast Asia, Australia and New Zealand as part of a plan to reduce its global headcount by thousands of jobs, sources familiar with the situation said. The layoffs could affect about 10 percent of its workforces in those markets, although the numbers for each subsidiary might vary, said one of the sources, who asked not to be named because the matter is private. Job cuts are planned for other overseas subsidiaries and could reach 10 percent in certain markets, the source said. The South Korean company has about 147,000 in staff overseas, more than half
Her white-gloved, waistcoated uniform impeccable, 22-year-old Hazuki Okuno boards a bullet train replica to rehearse the strict protocols behind the smooth operation of a Japanese institution turning 60 Tuesday. High-speed Shinkansen trains began running between Tokyo and Osaka on Oct. 1, 1964, heralding a new era for rail travel as Japan grew into an economic superpower after World War II. The service remains integral to the nation’s economy and way of life — so keeping it dazzlingly clean, punctual and accident-free is a serious job. At a 10-story, state-of-the-art staff training center, Okuno shouted from the window and signaled to imaginary colleagues, keeping