Tuesday, October 14, 2008

It's Hard to be Away From the Antique Business

This is the longest I have been away from my son, Joshua, who is nine years old. He calls at least three times a day or more, and I share what I’ve been doing while I’ve been away. Although he knows I didn't go away to specifically treasure hunt, he always asks me if I’ve found anything that's worth a lot of money. You see, I’ve been teaching him, from a very early age, that when you acquire knowledge of the Antiques and Fine Arts business, you can always provide a living for yourself. And when you travel, whether it's for pleasure or for visiting family, you can still be out on the hunt for that next great piece.

Already, Joshua's interest has evolved to the point that Lionel Trains is something he’s well versed in. While most people think that the important part of a train set is the engine, first, and then the cars, Joshua knows of something else that can bring top dollar.

If you attended a house sale and spotted a very old box in the corner of the basement that said "Lionel Train" on it, what might you do? Of course, your heart would probably start pumping very fast, and you'd probably head over that way. But, what would you do when you discovered the box was empty? While your heart rate might slow down from the disappointment, Joshua would still be really excited, because he knows that the old box can have great value. If you knew just how much value that old box could have, your heart would still be pumping like his. Here's how valuable that old box could be: $14,600 worth of value.

You probably think you didn’t read that figure right, but I assure you, you did. Joshua found an old Lionel Box from 1929 that sold on eBay after 93 bids. (Yes, he even knows how to research on eBay.) Here’s the listing he found, so you can see it with your own eyes. Just don’t forget to come back to finish the blog.

That listing is just one item pertaining to Lionel Trains that most people would overlook, and here are several others. A Lionel 920 Landscape Park will bring you $4,300 or better, while a standard gauge no. 94 high tension line can put $1,775 in your pocket, if not more. Not convinced yet? How about a Lionel Power Station for $1,650 or an early 810 Crane for $1,000. $880 is the value of a 927 Lamp Post, and a 912 Landscaped Villa could land you $800.

All these would most likely pass under the noses of most dealers. This is how you make the big bucks while others are asleep at the wheel. That’s why I am spending so much time with Joshua, at his tender age. He's learning how to make money and take care of himself. Besides that, he enjoys the hunt for treasure and he gets to spend time with Dad. That’s the way it should be!

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