HMS Victory was a 100-gun first-rate ship of the line of the Royal Navy, built to the dimensions of the 1733 proposals of the 1719 Establishment at Portsmouth Dockyard, and launched on 23 February 1737.

[2] Officially a rebuild of the previous vessel, the new Victory was then built by master shipwright Joseph Allin and cost £38,239 to assemble, plus £12,652 fitting it as a flagship.

Other wreckage washed up on Jersey and Alderney, whose inhabitants had heard distress guns the night before but were unable to provide aid in the severe storm.

On 1 February 2009, the Associated Press reported that Odyssey Marine Exploration, based in Tampa, Florida, United States, claimed to have found the wreck in May 2008, and had recovered two of the 100 bronze cannons.

[8] Located in the Western Approaches between England and France, as a military wreck she remains the property of the British Government under the laws of marine salvage.

[8] The wreck was found "more than 80 km (43 nm) from where anybody would have thought it went down", according to Odyssey Marine Exploration CEO Gregg Stemm,[9] and 100 m (330 ft) deep,[8] meaning that the vessel had not foundered on the Casquets as surmised, but lay approximately at latitude 49°42.5' N and longitude 3°33.3' W. The team announced their findings on 2 February and stated that they were negotiating with the British government over the wreckage.

[10] In January 2012 it was reported that the remains of HMS Victory were to be raised from the seabed, and are to be given to the Maritime Heritage Foundation, which is expected to employ Odyssey Marine Exploration for the recovery.

[11] The terms of the contract remain controversial, with concerns over "allowing foreign investors to profit from the property, grave and memorial of Royal Navy personnel".