The Global Story The 'Holy Grail' of shipwrecks
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Jan 3, 2025 Gideon Long, a BBC business correspondent, shares insights on the staggering $18 billion treasure believed to be aboard the San José, a Spanish galleon sunk over 300 years ago. Underwater archaeologist Rodrigo Pacheco-Ruiz dives into the ship's rich history and the ongoing debates over salvage rights. They explore the fierce legal battles between Colombia and treasure hunters, alongside the ethical implications of raising the shipwreck. The discussion highlights not only the allure of hidden wealth but also the importance of preserving cultural heritage.
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The San José Galleon
- The San José galleon, sunk in 1708, held gold, silver, emeralds, and other treasures.
- The British sank the ship while attempting to seize it, killing 600 crew members.
Treasure Valuation
- Meticulous Spanish records exist, but smuggled goods complicate accurate valuation.
- The value of the treasure is estimated between $7 and $18 billion, but this is disputed.
Wreck Location
- The Colombian government protects the wreck's location to prevent illegal treasure hunting.
- Footage exists, but the exact coordinates are undisclosed, hindering precise location.