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Pete Waterman Collection of Gauge 1 and Larger Gauge locos to go under the hammer


Andy Y

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It's not a bad result for a man who says he was illiterate until he was 30. He's come a long way.

 

....and he's still travelling.

I knew him back in the Seventies, I can’t believe he meant this literally!!!!!

 

Best, Pete.

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The sale of 32 of the models fetched a total of £627,229, including buyers' premium.

 

http://www.bbc.co.uk/news/uk-england-coventry-warwickshire-32331602

 

He may have to sell a few more if he needs a million.

Not too much for Pete then.  The Buyer's Commission (Premium) is going to be at least 15% and probably 20% (some of the big auction houses charge even more nowadays) then he will have to pay the Selling Commission although he might have got a good deal on that and not be facing 15% - Dreweatt Neate did one collection a couple of years back with no Selling Commission simply in order to get the business.  But even so you can effectively knock the 20% off the £627,229 and hope he wasn't stung too hard for his costs.

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