May 5, 2010 8:41 PM

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Indonesian auction fails to sell 10th-century shipwreck treasure

An auction of treasures including gold, rubies and porcelain from a 10th-century shipwreck found off Indonesia failed to attract a single bidder Wednesday, despite interest from buyers across Asia. The Indonesian government said a second auction could be held under revised conditions at a later date, giving investors and collectors more time to study the diverse artefacts. The had hoped to sell the haul of rare riches salvaged in 2004 from an unidentified wreck off Cirebon, West Java, in one lot for a minimum of 80 million dollars. <br/>

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