What are the most valuable model trains?
Lionel Corporation is a toy manufacturer, holding company and hobby shop based in The United States of America. Lionel has been in business for over 120 years, starting as an electric toy company, transferring to toy trains and model railway systems, which is where the business thrived. Lionel has been making model trains since 1900. Being founded by Joshua Lionel Cowen and Harry C. Grant. Lionel began making model trains not to sell to customers, but for stores to have at store fronts to attract customers. Then public civilians began gaining interest in the trains and sales started to sky rocket, changing from a marketing device to a now fully fledged ‘home necessity’.
World War I
By the end of WWI Lionel was one of three major US toy train manufacturers. This growth came from the shrewd marketing that Lionel conducted.
How Success Started for Lionel
Popularity also came from having Christmas themed tracks, and bundles which would ultimately make the trains a Christmas gift.
In 1920 Lionel overtook its long time competitor “Ives”. Eventually forcing Ives to file for bankruptcy in 1928.
The Great Depression affected Lionel terribly and sales plummeted only profiting $82,000 instead of roughly $500,000 like they did the previous year. Lionel struggled to keep up with competition at this time, as there were several companies making very similar trains at a cheaper price, which strongly affected the business financially.
The company recovered after the struggling times and is still one of the most renowned companies to produce model trains today.
Lionel Standard Gauge Set
Throughout the 1950s lionel was dominating the market in toy trains, and model railroad products. The company brought in over $25 million USD in revenue alone. In todays money that is over 220 million dollars. Lionel train sets are very valuable and some of the old stock is very collectable. In 2016 the most valuable Lionel train ever sold is the Lionel Standard Gauge set from 1934, which auctioned off for $250,000 USD!
List of the most expensive model railways ever sold
1. Miniature Wonderland, Germany: $12.12 Million
This is the approximate value of Miniature Wonderland the most expensive and biggest model railway setup in the world. Based in Hamburg. The layout features seven areas, among which reactions of the city, the Alps, Switzerland, Scandinavia, and even America. It also boasts almost 1000 trains and 14450 wagons running over 8.08 miles of track
2. Model Train setup at 18055 SW Seiffert Road, Oregon :$3.5 million
The charming garden railroad runs around 19.67 acre estate, crossing bridges and passing through tunnels. Located in Oregon USA. It includes a miniature rail yard for servicing, a station and a beautiful house with a covered deck, four bedrooms, three bathrooms, and a big workout area.