Corgi toys is a British toy manufacturer.
The company 'Corgi Toys' was founded in 1933 by a German man named Philip Ullmann, in Northampton, England. They manufacture a wide range of die-cast vehicles, usually for the benefit of children or model car collectors.
In 1956 Corgi Toys were introduced to the UK, in the hope that they could challenge the large market dominator 'Meccano'. After introduction in the UK, Corgi Toys spread worldwide and were sold in particularly large quantities. They had the honour of replicating some of the most famous cars shown in the film industry, examples including the car from the hit children's film 'Chitty Chitty Bang Bang ' and James Bond's car from 'The Goldfinger'.
1964 saw Corgi turn their attention to the adult market, hoping to diversify the products that they create. They began making highly detailed and intricate models, allowing for them to be appreciated by adult collectors, this was Corgi dipping into other areas of the model car market.
Dependant on the age, rarity and of course condition of the model, prices will vary. A new model, recently manufactured will go for the average price of around £10.99. As with many collector items, the older they get the more the price increases.
Models spawning from early stages of production (1960's) can often reach prices of up to £800, that price then gradually falls dependant on how old the model in question is. The condition of the model will always come into the equation, increasing and decreasing the price accordingly. Obviously with the extremely rare models the prices are significantly increased.
However, a model deriving from the 60's or 70's in fairly decent condition would be likely to sell for a fairly high price upwards of £50, averaging at about £80 or £90. With model car collectors it is often the case that the box, especially if unopened, can make a huge difference. Prices can extremely deteriorate if there isn't a box present.
In the mid 80's with the attitudes of children changing due to the introduction of new technology (Nintendo etc), Corgi's sales began to decline and the boom of technology led to their eventual demise.
The end came in 1983 when Corgi had to call a halt to production, the increasing costs and computer games consoles led to increased manufacturing costs and their sales taking a hard hit. After a management buy-out Corgi was resurrected but not in the same way, sales were still small and production was moved to China, as it was much cheaper to do so.
These factors mean the pre-1983 original Corgi models are considered extremely rare. You cannot buy them new anymore, this inevitably boosts the price. The ability to use the internet means is a consolation for collectors as it allows them an opportunity to do swap meets and get informed about antique fairs.
The world's most expensive Corgi sale
With production ceased this led to some Corgi models becoming extremely rare. The most a Corgi model car has sold for is still unknown but an American model Police car sold for £4000.
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