February 8, 2010

Record Money In Toys

Depending on your toy collection, you could be sitting on an absolute gold mine. 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.

A record increase of 8% in toy prices at auction was seen last year according to toy valuation experts Vectis. Despite the current economic climate, more than mil 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. 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.

Another person who has noted the rise in toy sale prices is Sam Williams from the Toy Collectors Union. 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.There is still more movement to come in the toy market he says and unlike other collectables your toy items will only ever become more valuable.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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