Over the weekend some strange stuff went down. Around last Thursday I got an email saying there was an auction of Z, N, HO, O and G scale stuff. So of course I jumped in, signed up and looked around. 521 lots, of which many were G scale. So I put a few tentative bids on (Accucraft electric K27, usually sells for over $1000, at $400. My bid was promptly trumped by someone with a higher max bid. As I don’t need a K27 really, at any price, I let it go.)
Anyway, I quickly realized that there was a lot of interest so I looked for stuff I might want, like a neat carry case with padding. I left it with a $30 bid which I was the leading contender.
Come Saturday, they switched to a “live” auction ,where anyone in the store and us online guys could do a final bid on each lot. It went about 1 minute per item, but with 521 lots. . .
The pair of LGB trolleys that I reckoned were worth $200 started at $40 and quickly climbed to $180. I did not bid. (The K27 sold for $1500, which I thought was reasonable.) My carry case went for $120, which is in the ballpark but pricey.
The lot of 3 Delta (? it clearly said Delton on the photo of the boxes, and $59 stickers were present,) coaches were neat, in original boxes, with lights and metal wheels. So I bid $75 before and expected to be outbid. No such luck - they are mine, and with the 15% buyers premium and 3.5% cc fee, they are $89 plus shipping.
But what I really wanted to bring to your attention was the clear elements of auction fever.
Last month we spotted some stuff in a Kansas auction and Jerry snagged a pair of LGB flat cars with log loads for $30. This auction had 3 pairs of LGB 4066 log cars with loads, which I put bids of $30-35 on. One pair finally sold in the live auction for $240! Another pair sold for $250. The first pair to come up in the live auction sold for $550.
There was a LGB 4066 for sale today on Facebook for $50, and another on eBay for $60 (higher fees.)
Why would anyone pay $550 for a pair of LGB cars that probably sold new for $80 and even Trainz sells for $60.
Then there was a ‘lot’ of spare parts - LGB coupler springs, track stops, 3 sets of figures (incomplete) and a power brick and 4 axles of wheels labelled Bachmann but showing NWSL on the packet. I needed a powerbrick (looked like USAT?) so I figured $50 and was prepared to go higher. It sold for $500. Go figure.
For your amazement, I suggest you review this ‘past’ auction.