Pete Waterman sells model railway collection for £600K

FranklyMyDear

FranklyMyDear

2015-07-06 14:25:30

Pete Waterman has raised more than £600,000 from the sale of part of his rare model railway collection. 

All of the models in the auction were commissioned by Waterman-making each one a one of a kind item. Of the some 57 models to hit the auction block, two managed £124,000 each while another managed £84,00. In total, 34 of the models managed £627,229 between them with 24 failing to reach their reserve price-though the auctioneers have said that offers are still coming in. 

Waterman is selling his collection, which he describes as 'the Faberge eggs of of the railway world', to fund apprenticeships at the Waterman Railway Heritage Trust. 

The sale was held at Dreweatts and Bloomsbury auctions.

Added from bbc.co.uk
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FranklyMyDear

Bethesda

2015-07-06 14:25:30

Disappointing result for Pete and the Trust, it was expected to sell for £1m. Still £600k to a good cause. Very generous man




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