Waterman trains sell for £100,000


Published: Thursday 16th April 2015 by The News Editor

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It was full steam ahead as Pete Waterman hailed the result of his model train auction as “fantastic”.

The pop producer’s finest scratch-built model trains from his collection – seen as the Faberge Eggs of the model locomotives world and worth £1 million – went on sale in Mayfair, central London.

Two of the 56 models went for a hammer price of £100,000 each, while another went for £85,000 – but the total with buyers premium is still to be confirmed.

Asked how he felt the auction went, Waterman said: “Fantastic. The engines all realised what I wanted. I had a figure in my mind. We’re certainly not far off that figure.”

Alongside his music career, Waterman, 68, has also carved out a role for himself in the world of train modelling and railway preservation over the past 50 years.

As the world’s leading collector and patron of modellers, he decided to sell what amounts to around a tenth of his collection in order to raise enough money to secure the future of Waterman Railway Heritage Trust, which holds his collection of full-size steam engines, housed at sites around the country.

The remaining 90% of his collection is of almost incalculable value and will never be sold, making this a unique opportunity to acquire objects of this calibre, and Waterman sees them primarily as works of art.

Specialist auctioneers Dreweatts conducted the sale on the premises at Mallett of Dover Street in Mayfair.

Published: Thursday 16th April 2015 by The News Editor

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