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silverfox
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 Got any small change?
« Thread Started on Apr 24, 2012, 5:17pm »

http://www.dailymail.co.uk/news/article-....ch-250-000.html




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Laurie_B
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 Re: Got any small change?
« Reply #1 on Apr 24, 2012, 7:36pm »

Can I have the big red engine please?!?!?! ;)

More on the sale here
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 Re: Got any small change?
« Reply #2 on Apr 24, 2012, 9:50pm »

I saw this sale advertised the other week. My Mum worked for Drewetts at Donnington for years and still lives locally. I did briefly consider a visit to see the folks, but it's a bit of a trek these days.

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 Re: Got any small change?
« Reply #3 on Apr 24, 2012, 10:05pm »

Have checked and double checked this sale but no Doris! Guess it's back to the workshop!!

Steve
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 Re: Got any small change?
« Reply #4 on Apr 25, 2012, 1:38am »

Hi Steve
Smashed open my little pink piggy bank but alas could not find enough money.
So Also...
Back to the workshop
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 Re: Got any small change?
« Reply #5 on Apr 25, 2012, 3:42pm »

I've just come back from the auction, it was amazing to say the least. None of the locos had any form of boiler history or paperwork, so I was expecting the bids to be low. However, the punters weren't model engineers, they were idiots with too much money to throw around, and the bids were out of this world. The 7.1/4" Duchess with a guide price of GBP30,000-50,000 went for a staggering GBP140,000 (no, I haven't added an extra nought!)

A 2.1/2" loco went for GBP8,500, top price for a 3.1/2" loco was GBP14,000, and top price for 5" gauge (a GWR Castle) was GBP34,000. Totally unreal!

Needless to say, I didn't buy anything!
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 Re: Got any small change?
« Reply #6 on Apr 25, 2012, 4:06pm »

Wow!
Here endeth the lesson: choose your venue carefully!
There's hope for my Brit then....
JB
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Not a lot of progress on the Britannia this year.This winter might prove more productive!
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 Re: Got any small change?
« Reply #7 on Apr 25, 2012, 4:25pm »

Superseven, I was there too, just missed out on the Duchess.....not!

I agree the prices were silly money. recession, what recession??

I fancied the large prairie but at £30k I'll carry on building my own. >:(

They were all lovely models though. This was only part of the collection, there had been a previous sale at some time.

Simplyloco, 5" Brit.....£31k, so yes, there's hope! ;D
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 Re: Got any small change?
« Reply #8 on Apr 25, 2012, 4:42pm »


Quote:
I've just come back from the auction, it was amazing to say the least. None of the locos had any form of boiler history or paperwork, so I was expecting the bids to be low. However, the punters weren't model engineers, they were idiots with too much money to throw around, and the bids were out of this world. The 7.1/4" Duchess with a guide price of GBP30,000-50,000 went for a staggering GBP140,000 (no, I haven't added an extra nought!)


Don't forget the 26% commission/tax on top of the hammer prices.
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superseven
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 Re: Got any small change?
« Reply #9 on Apr 25, 2012, 5:00pm »

Yes, I forgot to mention the hefty buyer's premium......makes you wonder what planet some people think they're on!
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 Re: Got any small change?
« Reply #10 on Apr 25, 2012, 7:08pm »

What planet? Certainly not mine!

Whilst they appeared to be lovely models, and I would have liked one or two (or more) the chance of me being able to afford them at those prices is miniscule.
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 Re: Got any small change?
« Reply #11 on Apr 25, 2012, 8:30pm »

I have to say that I'm not surprised how much the Duchess went for as when I looked on the auction site the estimate was way far to low. I used to know Harry's Brother and dad knew Harry. His work was out of this world. I have seen on a number of times the sister Duchess built by Harry in a private collection. I have spent hours just looking at it and discovering yet more detail. Stunning is not a word for this loco. The loco I have seen won Harry the Gold cup in 52 and has never been steamed as I suspect this loco has not been also. Yes its a great deal of money and way out of my pocket so I will have to cut some metal one day and build the 7 1/4" Duchess to go with my 5 inch version. But I must say if I had it I would have had it.

I only hope that it will remain in the country.

For those of you that are interested don't forget the Great Duchess Gathering on June 2nd at the Nottingham club. There will be a 7 1/4" Duchess in steam but not one of Harry's this one was built by the late John Adams.

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 Re: Got any small change?
« Reply #12 on Apr 25, 2012, 8:55pm »

The Brit was about on mark. This is around what I would quote to build one from scratch except the one I would build would be highly detailed as it would be from Doug's new Britannia drawings.
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 Re: Got any small change?
« Reply #13 on Apr 25, 2012, 9:04pm »

The Dutchess is absolutely beautiful , she took 18,000 hours to build and fetched £140, 000.
Slightly more than the minimum wage - who gives a f*** about a boiler certificate !
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pault
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 Re: Got any small change?
« Reply #14 on Apr 26, 2012, 7:59am »

Hi All
I actually find it all a bit worrying. The thing is that £30 K is not actually a very good price for building a detailed 5” Brit from the builder’s point of view although great from the buyer’s perspective. If you were building commercially you would not be making a great living
Let’s say you could build your detailed model in a year, pay yourself say 18K throw in say another 8k on services castings materials etc which would leave you 4k to cover heat light water rent on a workshop travel etc. Ok you could do it but it’s a hell of a lot of work in a year. If it took you 18 months or two years then as a business forget it.
If you take building the Duchess (which is a stunning piece of work) ignoring materials etc it works out at £7.78 an hour, nothing for someone with the skills talent determination and patience to complete something like that.
Why would this all worry me? because with people who see our locos etc as investments getting involved and with them being prepared to spend very serious money it could well be that locos disappear into private collections never to be steamed or seen by the people who want to enjoy them for what they are.
Whilst the prices may be realistic, it could make locos unaffordable to the people who have the skills to run, maintain and enjoy them. The other thing is with big price tags will come the scammers, con artists and parasites out to make a quick fortune. It could be bad for the hobby as a whole, but lets hope not.
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Paul
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 Re: Got any small change?
« Reply #15 on Apr 26, 2012, 8:18am »

Err.... in spite of the sudden spate of commercialism, aren't we supposed to be doing this because we enjoy doing it?

I've loved (almost) every minute that I've spent building the Brit, that is my particular satisfaction, and I've probably spent £2-3k on it, but that is the price I'm prepared to pay to enjoy myself over 4-5 winters. Money well spent!

However I have no interest in running it or dusting it, so it will be sold to the highest bidder - preferably at Dreweatts!
Yours provocatively
JB
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Not a lot of progress on the Britannia this year.This winter might prove more productive!
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 Re: Got any small change?
« Reply #16 on Apr 26, 2012, 8:22am »

Did that Duchess really take 18000 hours to build?
That's a 40 hour week for over nine years. I know it's exceptionally good but honestly, nine years full time?
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 Re: Got any small change?
« Reply #17 on Apr 26, 2012, 8:30am »

I think it is not a matter of being able to afford it, I just would not spend £140k on what is, in the end, a toy train with no certification. Abby is right - what difference would £3k for a new boiler make?

I am not sure how the mechanism of paying such silly money worked here. Yes, JB, there is hope - hope for £15k tops I think, but who knows? I wish you well - everything is worth what someone will pay. Perhaps one of the banker buyers will have an envious friend who wants to decorate his dining room also.

Take heart folks, it will all have been forgotten about by next week, unless one of them turns up at your club of course!

Sadly, we probably will not be able to see their faces when they try to sell their newly acquired revalued assets.
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Laurie_B
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 Re: Got any small change?
« Reply #18 on Apr 26, 2012, 9:38am »


Apr 26, 2012, 8:22am, NickM wrote:
Did that Duchess really take 18000 hours to build?
That's a 40 hour week for over nine years. I know it's exceptionally good but honestly, nine years full time?


It's my understanding that Mr.Powell built at least two 'Duchesses' (maybe four) in that period.Even building one to that quality in that time is no mean feat.
There are more examples of Mr.Powell's work in 'Model Railway Engines' by Jonathan Minns.
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Building 5" gauge BR Standard Class 2 tender loco,and 5" GWR 41xx tank loco.
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 Re: Got any small change?
« Reply #19 on Apr 26, 2012, 9:58am »


Apr 26, 2012, 9:38am, Laurie_B wrote:

Apr 26, 2012, 8:22am, NickM wrote:
Did that Duchess really take 18000 hours to build?
That's a 40 hour week for over nine years. I know it's exceptionally good but honestly, nine years full time?


It's my understanding that Mr.Powell built at least two 'Duchesses' (maybe four) in that period.Even building one to that quality in that time is no mean feat.
There are more examples of Mr.Powell's work in 'Model Railway Engines' by Jonathan Minns.


I am certainly not questioning the quality of his workmanship but for the life of me I can't see 18,000 hours / nine years full time work as anything but an exaggeration. If he built 2 (or 4) locos in that period, that equates to 9,000 (or 4500) hours per loco, not 18,000, doesn't it? So either he was a very slow worker or someone has their numbers wrong!
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