A watch found on the body of American magnate John Jacob Astor IV after the RMS Titanic sinking just hammered for a eye-popping sum at auction. Astor’s Patek Philippe pocket watch , which Tiffany & Co. sold in 1904, led the April 22 sale of 63 timepieces and accessories at Freeman’s Auction . It realized $1 million against a presale estimate of $300,000 to $500,000. A gold pencil discovered alongside the timepiece sold for $204,800, more than 10 times its high estimate. Astor boarded the Titanic in France 114 years ago with his second wife, Madeleine , nearly 30 years his junior. A real estate developer, Astor built New York’s Astoria Hotel in 1897 and was the richest passenger on the vessel, with a net worth of some $80 million (more than $2 billion today). Freeman’s said that the Astors were heading home from a globetrotting honeymoon, a long excursion to evade the media maelstrom surrounding their marriage.…