Tim Smith, of the Isle of Wight auctioneers Island Auction Rooms, in Shanklin, had placed a guide price of £10,000 on it. He said: “The previous record was just £40,000. It has spent a decade propped up in their [the sellers’] front room, so it is a remarkable find.”

Warren Riches, who led the sale, said: “When the money started going up there was a real buzz in the auction room. When it reached £10,000 everyone went quiet ... When bidding topped £150,000 people were wondering where it would stop.” The family heirloom was acquired in Polynesia in the 1920s by a relative who worked on board a P&O cruise liner.
Mr Riches said: “The owners, based on the Isle of Wight, were unaware that the paddle had fetched so much. “Tim went round to see them with a bottle of champagne and told them to sit down. He asked them what they thought it would fetch in — their wildest dreams — they said about £10,000.”
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