💎Treasure hunting is an extractive industry based on the principle that older objects are more valuable.
🌊Shipwreck hunting is a thriving industry, with estimates of up to 3 million shipwrecks worldwide.
🦖Dinosaur fossil hunting is centered in the US, where landowners have ownership rights to fossils found on their property.
🏴☠️Ownership disputes over treasures often lead to legal battles and uncertainty.
💰Treasures with provable ownership have higher value in the marketplace.
What are the main challenges in treasure hunting?
—The main challenges in treasure hunting include legal ownership disputes, international maritime law, and securing permits.
Why is the US a hotspot for dinosaur fossil hunting?
—The US allows landowners to have ownership rights to fossils found on their property, making it an attractive location for fossil hunters.
How many shipwrecks are there worldwide?
—Estimates suggest there are anywhere from 200,000 to 3 million shipwrecks worldwide.
What determines the value of a treasure?
—The value of a treasure is determined by factors such as its historical significance, condition, and provable ownership.
What happens when there is a treasure ownership dispute?
—Treasure ownership disputes can result in long legal battles and uncertainty over who has the rightful claim to the treasure.
00:00Shipwreck and dinosaur fossil hunting are lucrative industries.
03:20The US allows landowners to own fossils found on their property, making it a hotspot for fossil hunting.
06:00Treasure ownership disputes often lead to legal battles and uncertainty.
09:00There are estimates of up to 3 million shipwrecks worldwide, making shipwreck hunting an enticing industry.
