Toys At Auction Reach Record Sales
It has long been suspected that there is a great deal of money to be made in iconic and vintage toys. Most of us abused our toys and did really worry too much about their future value, but some people did, and were very careful with theirs. You might say that toys are made to be played with, but with news that vintage toys prices are reaching record levels, its hard not to wish you kept a few aside just to look at.
A record increase of 8% in toy prices at auction was seen last year according to toy valuation experts Vectis. Even though you might think people would be watching their spending right now, toy sales at action reached a whopping $14 mil last year. According to Vectis the most expensive items to go under the hammer where Victorian rocking horses, vintage Hornby train sets and a couple of Georgian dolls houses. Most of the toys that were put up for auction last year had either been inherited or found in a dusty corner of someone’s attic according to Vecitis’ research.
Jake Fenchurch of the Society For Antique Toys has given his suggests regarding the occurance of the record prices. He suggests that because most modern toys are electric, plastic and mass produced, there is no longer the production of higher quality, handmade toys that last a lot longer.This means that the traditional products such as tin and wooden toys are becoming even rarer and thus more valuable. Don’t get carried away though he advises.The toy market will keep on growing in strength he suggests, and unlike other markets there are very rarely any dips.So the advice for now is hang on to those classic rag dolls, Steiff bears and vintage toy car collection because there is more money to be made from them yet. Also, it’s worth checking the attic or the garage as you just might find a gem you didn’t know you had.
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