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Seeking Guidance on Pricing an Inherited Model Train Set

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  • Member since
    March 2002
  • From: Milwaukee WI (Fox Point)
  • 11,439 posts
Posted by dknelson on Sunday, July 9, 2023 10:15 AM

SeeYou190
I just went back an re-read the OP's original post. 1) He DOES NOT state he wants the layout removed. That was something I read into it. 2) He also does not state the potential "adopter" will relocate the layout. Again, we need more information from the original poster about exactly what the situation with this layout is. -Kevin

All true Kevin BUT 1) no evidence he wants the layout or wants to be a model railroader 2) he wants to know how much he can get for it.  If it isn't going to be moved from his house why would an "adopter" pay anything for something which would remain the OP's property?  

So I think it is perfectly reasonable to assume he wants to sell it and be done with it and get his basement back.  That's the basis on which I replied (above).  

Slightly OT but I am reminded that when we bought our house, the seller left all manner of stuff in it that we did not want, such as a stove that no longer worked, her son's dirty laundry in the laundry chute(!), a spoon on the floor, and her first draft of a romance novel she was writing*.  That said she also left a reasonably well equipped workbench and tool rack in the basement, and some steel shelving that I still use for holding model trains.

*The plot of her romance novel was of a loyal and faithful wife whose wealthy doctor husband is stolen away from her by a gorgeous but gold-digging young nurse at the hospital where both work.  When we asked our new neighbors a little about our seller, they told us her physician husband had abruptly left her for a pretty and youthful nurse he was working with, and they were living just a few blocks away so the kids could visit .... but that that doctor had abruptly left yet an earlier prior wife to take up with the woman who sold the house to us, who had at that time been a young and pretty nurse.  That part she left out of her romance novel draft.   

Personally I would have been delighted to have found the layout the OP is talking about in my new basement!   

  • Member since
    February 2008
  • 8,877 posts
Posted by maxman on Sunday, July 9, 2023 12:18 PM

dknelson
Personally I would have been delighted to have found the layout the OP is talking about in my new basement!   

Would you have been more or less delighted to also find a young and pretty nurse?

  • Member since
    October 2005
  • From: Central Texas
  • 365 posts
Posted by MJ4562 on Sunday, July 9, 2023 3:22 PM

Best way to value is to take the individual cars and locomotives off the layout and itemize them. Then see which buildings can be removed intact without damage and inventory them.  The rest is probably a wash between the value of the switches (Turnouts) and the cost of junking the layout structure.

Sadly having dealt with my Dad's stuff, I can see it through that light. As others have said, the items have value, but only a little bit per item and it would take time and money to sell each item. Basically you are looking at less than minimum wage to sell everything. 

Calling a railroad club to remove it is a brilliant idea.  A true win-win situation.  

  • Member since
    February 2002
  • From: Mpls/St.Paul
  • 13,892 posts
Posted by wjstix on Sunday, July 9, 2023 3:43 PM

The OP's first line is "hello fellow train enthusiasts" which would indicate he is a railfan and/or model railroader - or at least could be.

MJ4562
Best way to value is to take the individual cars and locomotives off the layout and itemize them. Then see which buildings can be removed intact without damage and inventory them.

I agree that's probably what will work out best, create a list. Even if he doesn't know what a particular car is, most likely just googling the railroad and reporting marks (like "Canadian National 123456 HO freight car" will probably come up with enough info to identify the model company and a rough idea of price/value. If nothing else, it's something he could show or forward to someone who might make an offer on the whole thing, saving the trouble of selling it all piecemeal.

Stix
  • Member since
    February 2008
  • 8,877 posts
Posted by maxman on Sunday, July 9, 2023 4:26 PM

MJ4562
Calling a railroad club to remove it is a brilliant idea.  A true win-win situation. 

 

Maybe, maybe not.  Club I belonged to occasionally had items dumped on our doorstep.  Took a lot of time and effort to separate the good from the bad and ugly.  And once the good was identified it took up a lot of space until a way was found to get rid of it.

As I see it all that happened was that the effort to dispose of stuff got transfered to another party.

  • Member since
    December 2008
  • From: Heart of Georgia
  • 5,406 posts
Posted by Doughless on Sunday, July 9, 2023 4:33 PM

wjstix
I agree that's probably what will work out best, create a list. Even if he doesn't know what a particular car is, most likely just googling the railroad and reporting marks (like "Canadian National 123456 HO freight car" will probably come up with enough info to identify the model company and a rough idea of price/value. If nothing else, it's something he could show or forward to someone who might make an offer on the whole thing, saving the trouble of selling it all piecemeal.

^ This ^  

Again, knowing the value is going to require some level of work.  Even places like Trainz.com need to know what they are buying. 

If he already has a buyer ready to buy, OPs will either have to do some work one way or the other, or, he's going to have to rely upon their good character to tell him what he has and the value before he negotiates a price. 

- Douglas

  • Member since
    September 2004
  • From: Dearborn Station
  • 24,281 posts
Posted by richhotrain on Monday, July 10, 2023 7:06 AM

Well, it has now been officially one week since the OP first posted, never to be heard from again. This is, of course, part of the "forum culture". Newbie posts first thread with a question and then disappears, possibly forever. Meanwhile, forum members have taken the time to post 35 replies, all good ones I might add, and there have been nearly 2,400 views.

Let me offer up this sad story. My brother-in-law, an avid HO scale modeler most of his adult life, died about 15 years ago, leaving behind a beautiful DC-powered layout in his basement. He had planned for his own demise as a member of a train club. One of those members ran a local train museum and assured him that the club members would disassemble the layout and move it to the museum.

It never happened. The museum did manage to take all of his railroad books for its library and tons of large sized high quality black and white photos of trackside structures, locomotives and rolling stock. His widow asked me a few years back if I could disassemble the layout and dump it and sell anything of value. I was still working, so I had little time, let alone the DC expertise to value , list and sell all of his electronics plus the locomotives and rolling stock, so the layout remained in the basement gathering dust.

Recently, the widow moved to an assisted living facility and her two brothers are cleaning out the house for sale. They plan to move the entire layout and everthing on it to a dumpster. They may ultimately be what the OP will have to do.

Rich

Alton Junction

  • Member since
    October 2005
  • From: Central Texas
  • 365 posts
Posted by MJ4562 on Monday, July 10, 2023 8:27 AM

I doubt the OP comes back. He is likely the Executor of the estate or one of the heirs.  They just wanted independent opinions on whether the collection held any value and we answered that already.  It does not. At least in the context of an estate. Heirs want their money quickly and to be done with it. 

 

 

  • Member since
    January 2019
  • 2,572 posts
Posted by John-NYBW on Monday, July 10, 2023 10:32 AM

MJ4562

I doubt the OP comes back. He is likely the Executor of the estate or one of the heirs.  They just wanted independent opinions on whether the collection held any value and we answered that already.  It does not. At least in the context of an estate. Heirs want their money quickly and to be done with it. 

I'm currently dealing with that situation as the executor of my sister's estate. It is a tortuous process which I've been through before and swore I never would again but my sister kept insisting and finally I reluctantly relented. If I had it to do over again I would have said NO for about a fourth time. Laws in each state are different but the estate attorney tells me in Pennsylvania it can take a year or more to complete because creditors are given that long to file claims against he estate. In the mean time I'm spending 2 to 4 hours a day dealing with various issues, mostly related to the house which has needed a lot of work just to get it sellable. I almost wish I had just dumped it to a house flipper. We would have gotten a lot less money but I would have had a lot fewer headaches. I ought to have my head examined for agreeing to do this. The only upside is I should get about 4% of the value of the estate but that doesn't begin to make it worthwhile to me. 

  • Member since
    January 2004
  • From: Canada, eh?
  • 13,375 posts
Posted by doctorwayne on Monday, July 10, 2023 1:02 PM

SeeYou190
This does not look like it is in a basement. Where are you? -Kevin

In my opinion, the window in the background does make it look like the layout is in a basement.

Wayne

  • Member since
    January 2017
  • From: Southern Florida Gulf Coast
  • 18,255 posts
Posted by SeeYou190 on Friday, July 14, 2023 11:48 AM

NVSRR
Hope this isn't another. Post. And never return. Interested in knowing more.

I was too, but it looks like Post... Never return.

Too bad.

-Kevin

Living the dream.

  • Member since
    September 2004
  • From: Dearborn Station
  • 24,281 posts
Posted by richhotrain on Monday, July 17, 2023 6:54 PM

richhotrain

Well, it has now been officially one week since the OP first posted, never to be heard from again. 

Make that two weeks. ConfusedConfused

Rich

Alton Junction

  • Member since
    September 2004
  • From: Dearborn Station
  • 24,281 posts
Posted by richhotrain on Monday, July 24, 2023 12:17 PM

richhotrain
richhotrain

Well, it has now been officially one week since the OP first posted, never to be heard from again. 

Make that two weeks. ConfusedConfused 

Rich 

Three weeks now. Gotta get back to us soon. No?  Laugh

Rich

Alton Junction

  • Member since
    December 2015
  • From: Shenandoah Valley
  • 9,094 posts
Posted by BigDaddy on Monday, July 24, 2023 4:09 PM

Let it go Rich.  He's never coming back.

Henry

COB Potomac & Northern

Shenandoah Valley

  • Member since
    January 2021
  • 527 posts
Posted by Attuvian1 on Monday, July 24, 2023 4:33 PM

It's reasonable to assume that, having seen the replies, he got enough to act on and didn't feel the need to come back with a "thank you".  Or couldn't - because he mislaid or forgot his original password and didn't want to monkey around with resetting it.

John

  • Member since
    September 2004
  • From: Dearborn Station
  • 24,281 posts
Posted by richhotrain on Monday, July 24, 2023 5:36 PM

richhotrain
 
richhotrain
richhotrain

Well, it has now been officially one week since the OP first posted, never to be heard from again. 

Make that two weeks. ConfusedConfused 

Rich  

Three weeks now. Gotta get back to us soon. No?  Laugh 

Rich 

BigDaddy

Let it go Rich.  He's never coming back. 

I can't, Henry. It has gotten so bad that I have scheduled therapy sessions.  Whistling

Rich

Alton Junction

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