Record Money in Toys
It has long been suspected that there is a great deal of money to be made in iconic and vintage toys. Whist most of us were bashing our toy cars against walls or throwing are action men out of the window, there were a select few who kept their toys neatly in their boxes. It could be argued that we enjoyed ourselves more, but as antique toy prices continue to rise, its the careful ones who are benefiting.
Vectis, one of the biggest toy auction specialists have released figures that show a seven percent increase in the price of vintage toys last year. Despite the current economic climate, more than $10mil was spent at auction last year and this does not account for private sales. 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. Those people selling the toys had most often inherited them from their great grandparents or found them hidden away in an attic or shed.
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. However, he does not suggest selling up just yet.In this growing market you should be patient as there is a great deal of upwards movement still to come.So the advice for now is hang on to those cherished 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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