Sunday, December 19, 2010

A collection of rare and valuable toys amassed over almost 40 years by the late Malcolm Forbes and his sons sold for US$2.3mil at auction in New York


Rare toys sold for US$2.3mil

A collection of rare and valuable toys amassed over almost 40 years by the late Malcolm Forbes and his sons sold for US$2.3mil at auction in New York.

The Forbes collection of antique toys was estimated to bring in anywhere from US$3mil to US$5mil at Friday's sale at Sotheby's.
It included toy boats, soldiers, motorcycles and board games, including a handmade Monopoly game from 1933.

The highlight was a 3-foot (meter)-long replica of the Cunard Line's Lusitania ocean liner, complete with crew and passengers. It sold for US$194,500 to an American collector, a record for a toy boat at auction. The price included the buyer's premium.

Malcolm Forbes paid US$28,600 for the Lusitania at Sotheby's in 1983. It had been estimated to bring in US$100,000 to US$200,000. - AP

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