Robbie, I just need to find the right trade bait for ya!
When are you guys going to post some quality photos of your victories? Or is everyone waiting on shipping?
WITZ 41 posted:When are you guys going to post some quality photos of your victories? Or is everyone waiting on shipping?
Probably are waiting to see what their money bought them for real......
swrr posted:Just remember demand will continue soften over the next few years and more collections will become available. So if you missed out on something, it will likely become available in the near future and probably for less.
Sir,
I sure hope you are correct, there's a lot of stuff out there I want to find and add to my collection. Let several items slip through my hands Saturday...
The trains are out there, and with the average age of most 2 rail guys, many more estates in the near future will pop up for sale. While its sad to see the ranks shrink as those pass on, its part of life. Congrats to those that picked up some nice models, lots of eye candy for sure. And I thought the Indy meet had lots of brass eye candy! Mike
Well, the JS auction realized some $166, 365. I don't think much of it brought in more than it cost new so this first auction could have represented close to a couple hundred thousand dollars worth of O Train stuff.
The Stout take would have been about $30K from this first auction.
The fact that one person aquired this much train stuff is amazing. 500 plus items(because some of them sold in more than one item per lot), averages to about $400 per item total realized. Figuring maybe you could spend 10 minutes per item to retrieve, unbox it, admire it, then rebox and replace each one would be over 83 hours, or if you did it 8 hours per day, about 10 days to just look at all that stuff you had aquired. And this is just the first auction...
Looks like Norm (of Norm's O Scale) bagged the Sofue Burlington 4-8-4, judging from the photo posted at the top of the thread.
WITZ 41 posted:When are you guys going to post some quality photos of your victories? Or is everyone waiting on shipping?
Nobody will receive anything for a couple of weeks except for the local attendees who paid at the end of the auction and took stuff with them.
oscaletrains posted:Well, the JS auction realized some $166, 365. I don't think much of it brought in more than it cost new so this first auction could have represented close to a couple hundred thousand dollars worth of O Train stuff.
The Stout take would have been about $30K from this first auction.
The hammer price is all paid to the seller. Stout doesn't get anything from that. Stout Auctions gets the buyers premium. So if the hammer price was $166,365 then the seller gets the 166,365 and Stout gets 14%+ depending on whether the buyer was local or remote and pays with cash or credit card. So Stout get about $23,500.
Ok, whatever, I thought someone said the premium was 17% - 19%. My mistake.
oscaletrains posted:Well, the JS auction realized some $166, 365. I don't think much of it brought in more than it cost new so this first auction could have represented close to a couple hundred thousand dollars worth of O Train stuff.
The Stout take would have been about $30K from this first auction.
The fact that one person aquired this much train stuff is amazing. 500 plus items(because some of them sold in more than one item per lot), averages to about $400 per item total realized. Figuring maybe you could spend 10 minutes per item to retrieve, unbox it, admire it, then rebox and replace each one would be over 83 hours, or if you did it 8 hours per day, about 10 days to just look at all that stuff you had aquired. And this is just the first auction...
Not sure of the part about what the items cost new.
Pacific Limited 7##/11## SP B-50-14 boxcars went for $165 each when I bought them new. I don't think one fetched less than $300. 
rdunniii posted:oscaletrains posted:Well, the JS auction realized some $166, 365. I don't think much of it brought in more than it cost new so this first auction could have represented close to a couple hundred thousand dollars worth of O Train stuff.
The Stout take would have been about $30K from this first auction.
The hammer price is all paid to the seller. Stout doesn't get anything from that. Stout Auctions gets the buyers premium. So if the hammer price was $166,365 then the seller gets the 166,365 and Stout gets 14%+ depending on whether the buyer was local or remote and pays with cash or credit card. So Stout get about $23,500.
No... not really...
"Pacific Limited 7##/11## SP B-50-14 boxcars went for $165 each when I bought them new. I don't think one fetched less than $300"
Well, at least those have appreciated in price.
The $165 Pacific Limited box cars your refer to were unpainted and in most cases less trucks. Think about how many hours a pro paint and lettering job takes, add in trucks with good metal wheels and one is easily in the mid $200 range back 15- 20 years ago. I'd say the Pac Limited brass has done nicely. The big depreciators are Max Gray and USH freight cars. In the 60's and very early 70's they were in the teens. By the 1980's MG/USH hoppers were selling on tables at O scale Nationals in the $75-$100 range. Now they don't sell at half that price as even plastic and some die cast hoppers are better detailed. My observation is that the best version of a given prototype (or distinctive cars like Overland Pickle cars) hold their value, inferior versions sit unsold on tables or decline in selling price.
oscaletrains posted:Well, the JS auction realized some $166, 365. I don't think much of it brought in more than it cost new so this first auction could have represented close to a couple hundred thousand dollars worth of O Train stuff.
The fact that one person aquired this much train stuff is amazing.
A lot of it was bought second hand or more so. JS had long running ads in O Scale Trains magazine. He no doubt picked up items at other sources. If you look at the boxes of many of the E units, you will note that they were originally painted for other roads than CB&Q. I think several of the pilots were incorrect, which may account for some of the lower prices.
It's not that tough to acquire stuff if you have the LOOT to do so.
Simon
Keystoned Ed posted:The $165 Pacific Limited box cars your refer to were unpainted and in most cases less trucks. Think about how many hours a pro paint and lettering job takes, add in trucks with good metal wheels and one is easily in the mid $200 range back 15- 20 years ago. I'd say the Pac Limited brass has done nicely. The big depreciators are Max Gray and USH freight cars. In the 60's and very early 70's they were in the teens. By the 1980's MG/USH hoppers were selling on tables at O scale Nationals in the $75-$100 range. Now they don't sell at half that price as even plastic and some die cast hoppers are better detailed. My observation is that the best version of a given prototype (or distinctive cars like Overland Pickle cars) hold their value, inferior versions sit unsold on tables or decline in selling price.
oscaletrains posted:"Pacific Limited 7##/11## SP B-50-14 boxcars went for $165 each when I bought them new. I don't think one fetched less than $300"
Well, at least those have appreciated in price.
The last of the PL cars, the NYC clone cars such as the N&B were up to $279 list when they sold. Slow sellers at the time but nice cars.
The SP B-50-15 cars actually came with T-section Bettendorf trucks that were nicely done for their time. The SP gons came with a very nice set of Dalman trucks. They look as good now as they did then. Certainly premium stuff.
And you're right Ed, most of the older run brass has not held its value.
It's worth paying for the better quality, at least now until everyone is buying ACEs and ES44's.
I noticed that the collection did not contain much in the way of Kohs stuff, one engine or so?
And you're right Ed, most of the older run brass has not held its value.
It's worth paying for the better quality, at least now until everyone is buying ACEs and ES44's.
And that might not be all that bad a thing for the average more budget aware modeler that wants a lot of cars in their trains, cannot afford $300/car, and is also satisfied with how those older cars look rolling by on the track from 3+' away.
There are also only so many PL PRR X23's that I'm willing to acquire, and then put in the time to paint & letter for the CVRR.
railroad-guy posted:rdunniii posted:oscaletrains posted:Well, the JS auction realized some $166, 365. I don't think much of it brought in more than it cost new so this first auction could have represented close to a couple hundred thousand dollars worth of O Train stuff.
The Stout take would have been about $30K from this first auction.
The hammer price is all paid to the seller. Stout doesn't get anything from that. Stout Auctions gets the buyers premium. So if the hammer price was $166,365 then the seller gets the 166,365 and Stout gets 14%+ depending on whether the buyer was local or remote and pays with cash or credit card. So Stout get about $23,500.
No... not really...
I have both purchased and sold through numerous auction houses in my lifetime-not just train related but also antiques when I had an antiques business years ago. The auction house collects on both ends. As stated above, they collect money from the "buyers premium" whatever the percentage may be once the item is sold. But they also charge the seller a commission, usually in the 10%-35% range of what the items sell for. The selling commission percentage usually depends on the quantity and quality of the goods. Most times this commission is a privately negotiated process between the seller and the auction house.
Nick
I have personally sold through Stout Auctions and they collected a commission on the low end of the range that MACHINIST posted. The idea that "The hammer price is all paid to the seller" is nonsense.
Bob posted:I have personally sold through Stout Auctions and they collected a commission on the low end of the range that MACHINIST posted. The idea that "The hammer price is all paid to the seller" is nonsense.
This is correct - I worked as a runner for Greg for several years and sellers didn't get the final hammered price - they paid a fee. Buyers paid a premium in the 15% zone back when I was holding up trains at Stout's Indianapolis auctions, and the earliest auctions at the Williamsport site before the glass cases were installed.
mwb posted:And you're right Ed, most of the older run brass has not held its value.
It's worth paying for the better quality, at least now until everyone is buying ACEs and ES44's.
And that might not be all that bad a thing for the average more budget aware modeler that wants a lot of cars in their trains, cannot afford $300/car, and is also satisfied with how those older cars look rolling by on the track from 3+' away.
There are also only so many PL PRR X23's that I'm willing to acquire, and then put in the time to paint & letter for the CVRR.
If you had a time machine back to 1995 you could pick up Pacific Limited x23/r7's for a hundred bucks Martin! Did that at the Merchantville show back then. Of course back then money was much tighter and that was like a $600 Kohs car is nowadays.
Simon, Many of those Key units were bought new by Jim Seacrest. Some he even negotiated with Key to be unpainted. All of them were put away and never saw time on the rails. He had an excellent painter in Omaha. Indeed he was essentially a collector. He also had a conservative side,[hard to believe!] that he thought Kohs was not worth the price. He liked a bargain and you will see the indiscriminate side of his collecting on later auctions although there are more nice things to be brought out, unless someone creamed the collection.
MTN posted:Bob posted:I have personally sold through Stout Auctions and they collected a commission on the low end of the range that MACHINIST posted. The idea that "The hammer price is all paid to the seller" is nonsense.
This is correct - I worked as a runner for Greg for several years and sellers didn't get the final hammered price - they paid a fee. Buyers paid a premium in the 15% zone back when I was holding up trains at Stout's Indianapolis auctions, and the earliest auctions at the Williamsport site before the glass cases were installed.
That is what my understanding of how these auctions work, the house is collecting from buyer and seller.
Now, I wonder how many of those items sold will find their way onto ebay for a profit?
Rule292 posted:mwb posted:And you're right Ed, most of the older run brass has not held its value.
It's worth paying for the better quality, at least now until everyone is buying ACEs and ES44's.
And that might not be all that bad a thing for the average more budget aware modeler that wants a lot of cars in their trains, cannot afford $300/car, and is also satisfied with how those older cars look rolling by on the track from 3+' away.
There are also only so many PL PRR X23's that I'm willing to acquire, and then put in the time to paint & letter for the CVRR.
If you had a time machine back to 1995 you could pick up Pacific Limited x23/r7's for a hundred bucks Martin! Did that at the Merchantville show back then. Of course back then money was much tighter and that was like a $600 Kohs car is nowadays.
If............If wishes were butterflies, mine would be crushed on the front grill of someone’s car.
And if pigs could fly.........although I am given to understand that with sufficient thrust pigs are surprisingly aerodynamic.
And a $100 in 1995 was far more than I could freely spend on just about anything. Something about family and career topping the list and consuming all funds and time....
oscaletrains posted:Now, I wonder how many of those items sold will find their way onto ebay for a profit?
Well, wonder no more. The PRB Rock Island cars are there. I'm sure the same seller has more items from the auction, but those are the ones I recognized immediately.
ecd15 posted:oscaletrains posted:Now, I wonder how many of those items sold will find their way onto ebay for a profit?
Well, wonder no more. The PRB Rock Island cars are there. I'm sure the same seller has more items from the auction, but those are the ones I recognized immediately.
He is fishing in a bigger pond!
Who is the seller?
oscaletrains posted:Who is the seller?
108spoplar
mwb posted:Rule292 posted:mwb posted:And you're right Ed, most of the older run brass has not held its value.
It's worth paying for the better quality, at least now until everyone is buying ACEs and ES44's.
And that might not be all that bad a thing for the average more budget aware modeler that wants a lot of cars in their trains, cannot afford $300/car, and is also satisfied with how those older cars look rolling by on the track from 3+' away.
There are also only so many PL PRR X23's that I'm willing to acquire, and then put in the time to paint & letter for the CVRR.
If you had a time machine back to 1995 you could pick up Pacific Limited x23/r7's for a hundred bucks Martin! Did that at the Merchantville show back then. Of course back then money was much tighter and that was like a $600 Kohs car is nowadays.
If............If wishes were butterflies, mine would be crushed on the front grill of someone’s car.
And if pigs could fly.........although I am given to understand that with sufficient thrust pigs are surprisingly aerodynamic.
And a $100 in 1995 was far more than I could freely spend on just about anything. Something about family and career topping the list and consuming all funds and time....
Best ever was my best bud's Hungarian dad (in his thick accent) - "If your aunt had a wheel she'd be a wheelbarrow". 
.
I think I bought one or two brass pieces a year back then, given the funds available and the price. Interestingly, PSC cars were fetching around a hundred bucks back then. Not much different from now.
jefferson posted:Simon, Many of those Key units were bought new by Jim Seacrest. Some he even negotiated with Key to be unpainted. All of them were put away and never saw time on the rails. He had an excellent painter in Omaha. Indeed he was essentially a collector. He also had a conservative side,[hard to believe!] that he thought Kohs was not worth the price. He liked a bargain and you will see the indiscriminate side of his collecting on later auctions although there are more nice things to be brought out, unless someone creamed the collection.
Jefferson, I didn't have the pleasure of knowing Jim personally, but he seemed like a nice guy with a good sense of humor. I never talked with him, nor do I know what he bought in the way of models. That said, not trying to be a know it all or petulant, but looking at the road names on the boxes, I only recall one that had CB&Q on it. Most of the others that were painted CB&Q had DIFFERENT road names on the boxes and had what I would call "shovel nose" style pilots, like the early E1 thru E6 units. I'm NOT a CB&Q expert by any stretch, but I don't recall any of their E7 or E8/9 diesels having any type pilot other than the passenger style. (Anyone knowing otherwise, feel free to correct that.)
For those who are interested, Part 2 of the Jim Seacrest collection has been posted on the Stout Auction website.
http://www.stoutauctions.com/?p=331
If this doesn't knock the bottom out of O scale freight car prices nothing will.
Not a lot to go crazy over here.... With credit quality deteriorating globally and a slowing economy in the US; prices are going to come down more.
Even with the economy going sideways as it has over the past many years I surely didn't see any slowing in the prices that the PSC and Pac Limited cars fetched in the last auction!
I have bought items from 108spoplar with no problems and I live 16,000 miles away.
I have that name listed as one of the sellers I deal with because they have done the right thing by me.
Auctions like this are to confusing for me it's really for you blokes, of course if you live overseas and don't have a financial problem and not worried about expensive shipping costs bid as much as you like.
I'm confident that a couple of things I like at the auction will eventually come up elsewhere with the shipping costs to West Australia clearly stated, then I might make a move. You have to be patient if your an O scaler overseas and wait your turn. Roo.
I Bet that so few folks will have the patience to go through all 22 pages of that mess that some real bargains will transpire. After the third page, I gave up.
Set the per page to 200... makes it much easier...
Rule292 posted:Even with the economy going sideways as it has over the past many years I surely didn't see any slowing in the prices that the PSC and Pac Limited cars fetched in the last auction!
There is obviously a limited core market still into these cars, after all you can not own just one. Similarly I would think for quality passenger cars Wasach, Key, PRB etc, it does not take many bidders who are willing to spend for models they want to keep prices high. JMO
