- Posts: 87
- Joined: Mon Feb 22, 2010 9:38 pm
- Location: St David's, Pembrokeshire
http://www.coventrytelegraph.net/news/c ... ng-9046735
One is the businessman who, having succeeded in a cut throat industry (no - not model railways!) must have something of a ruthless streak. The other is the enthusiast who campaigns tirelessly for railways in all forms and also, incidentally, for children who leave school without being able to read or write, as he did.
I suspect his money is mainly, as with most of us, tied up in every-day things, and his railway activities have to fund themselves - i.e. sell Gauge 1 models which he no longer uses to fund another aspect of his hobby. Many of us do that.
I hope Philip was successful today and we see some lovely models of LNWR locomotives more often.
I took a look on the auction site at around midnight (on the 16th), and most of the model locomotives were sold, though not all.
However, from the sale prices noted against the sold lots, to put it mildly, I think many of us missed some very good bargains.
I know I am kicking myself for not going, and taking the plunge.
One of the locos not sold was one I would have been interested in, and I am wondering if it would be worth contacting PW in order to see what price he wants and if he would sell.
The problem is, I do not have any contact details.
I attended the sale in Dover Street, which reeked of opulence, with many expensive-looking girls acting as welcomers, receptionists, handing out leaflets and so on.
I estimate that there were 100-120 people present in person, with internet bidding and five lines set up for telephone bidding. It soon became clear that most of the attendees had not registered as bidders and had no paddle number. They were just observers.
The remarkable thing is that few of the lots achieved even the lower pre-auction estimate, and none reached the upper estimate.
The first lot, a Coal Tank, achieved only £1700, which I found encouraging. Bidding continued muted and I was successful with Lot 11, Jeannie Deans, at £2200. Lot 12, another Teutonic, made only £2000. Things then went wrong, as I most wanted a Dreadnaught. When the bidding on Lot 13 reached £2600 I dropped out, thinking as I had bought the famous Jeannie Deans for only £2200 that I would let the other guy have this one and buy the second Dreadnaught myself more cheaply. But in fact Lot 14 went up to £4000, which I had set as my bidding limit. With hindsight I should have bid £4200 as I would then probably won the lot. As Lot 13 is now shown as unsold (????) I have enquired if a private treaty offer is possible.
Goods engines seemed to do better. I bought Lot 17 (Class E) and Lot 19 (Class C) for £4000 each. I consider them fairly priced, even with the wolfish buyer's premium.
Although the 7in gauge stuff sold for big money, £100K a time, that was still well under the sale estimates.
The following sale prices were achieved. These hammer prices are subject to a buyer's premium of 23% plus VAT, that is 27.6% in all. The designation "unsold" comes from Mallett's website but I was not aware of this, and in fact I understood that all the models were in fact sold at the prices mentioned. There was no mention of a reserve in the auction room and the auctioneer brought down his hammer.
Lot 1. 0-6-2T Coal Tank No.588 £1900 Unsold
Lot 2. 0-6-2T Coal Tank No.205 £2000
Lot 3. 0-6-2T Watford Tank No.2026 £1900 Unsold
Lot 4. 0-6-2T Watford Tank No.1635 £2000
Lot 5. 0-6-0 Coal Engine No.360 £1700 Unsold
Lot 6. 0-6-0 Coal Engine No.3456 £1700 Unsold
Lot 7. 0-6-0 DX Class (S. Div.) No.1651 £2000
Lot 8. 0-6-0 DX Class No.3121 £1700
Lot 9. 0-8-4T No.1189 £1900 Unsold
Lot 10. 0-8-2T No.1582 £1900 Unsold
Lot 11. 2-2-2-0 Teutonic No.1304 Jeanie Deans £2200
Lot 12. 2-2-2-0 Teutonic No. 1309 Adriatic £2000
Lot 13. 2-2-2-0 Dreadnaught No.1309 Greyhound £2600 Unsold
Lot 14. 2-2-2-0 Dreadnaught No.504 Thunderer £4000
Lot 15. 0-8-0 Class D No.1384 £3800 Unsold
Lot 16. 0-8--0 Class A No.1817 £4000
Lot 17. 2-8-0 Class E No.1017 £4000
Lot 18. 0-8-0 Class B No.859 £3300 Unsold
Lot 19. 0-8-0 Class C No.1814 £4000
Lot 20. 0-8-0 Class D No.2548 £3500
Lot 21. 2-8-0 Class F No.1036 £3600 Unsold
Lot 22. 4-6-0 Claughton No.2222 Sir Gilbert Claughton (oil fired) £4000
Lot 23. 4-6-0 Claughton No.1191 Sir Frank Ree £3200 Unsold
Lot 24. 2-4-0 Jumbo No.790 Hardwick £4000
Lot 25 LMS 4-6-0 Fury £10000
Lot 26 BR ex-LMS 2-6-0+0-6-2 Beyer-Garratt £10000
For other lots see the website http://www.dreweatts.com/cms/pages/lots/13830
So, what shall I do with my three beautiful Gauge One engines? I have no room left in my house to dipslay them, so I am offering to give them to the LNWRS to display at Kenilworth. I am pleased to have "saved them for the nation", and I hope they will bring pleasure to others.
http://www.dreweatts.com/cms/pages/auct ... s=date%2Cd
Of note is that quite a few of the LNWR locos didn't sell. quite a few went for less than the guide price, while some of the GWR stuff sold for higher prices than the Premier Line items. I don't think the live steamers reached the guide prices, the LMS Duchess going for £10K less if I remember the guide price correctly.
- Posts: 156
- Joined: Sun Feb 07, 2010 7:33 pm
- Location: Deep in the Dordogne, Commune of Loubejac
Never argue with stupid people, they will drag you down to their level then beat you with experience.
At the moment I cannot get any sense out of the auctioneers regrding the lots they say were unsold. I have offered to make an offer by private treaty for Lot 13. But as I say, I believed that all the lots were sold at the prices I quoted.
What a wonderful gesture. I hope the committee and membership appreciate it.
At hose prices I suspect dealers swept up the cheaper ones - keep an eye on e-bay over the next few months.
The models sound superb and the Chairman will be getting in touch to talk with you.
Many thanks from me too!
All the best
I do not understand why the Dreadnaught models were subject to a reserve while the Teutonics were not.
As I say, I am very glad to have saved these superb models for the nation, and hope that they give much pleasure to others over the years to come.