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Early Japanese tin toys stole the show at Milestone’s $1.3M sale

[av_heading heading=’Early Japanese tin toys stole the show at Milestone’s $1.3M sale ‘ tag=’h1′ style=” subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=” custom_font=” subheading_color=” seperator_color=” icon_color=” margin=’,,35px,’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=’,,20px,’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-lrm5eouq’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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WILLOUGHBY, Ohio – Milestone Auctions marked a major milestone of its own with its New Years Antique Toy Extravaganza on January 13, selling nearly $1.3 million across 723 lots and notching its first million-plus toy sale. Complete results are available at LiveAuctioneers.

“In our ten-year history we’ve had other million-dollar-plus auctions, but this was our first auction solely devoted to toys that crossed into the seven-figure zone,” said Milestone co-owner Miles King.

The auction’s top lot was a dark horse: an all-original and complete Exelo (Japan) battery-operated ‘Mars’ Explorer space car that had been estimated at a very respectable $12,000-$15,000, but ended up blazing a Red Planet trail to $36,000 ($42,120 with buyer’s premium).

As predicted, the highest-selling robot in the sale was a 10in Yonezawa (Japan) windup Diamond Planet Robot, a very rare variation of the largest tin robot ever made, with a silvery-blue body and red arms and ears. All-original and complete with its distinctive googly eyes, an ‘oxygen meter’ [on its chest], and a large windup key, it hammered for $28,000 and sold for $34,440 with buyer’s premium. “Only a few Diamond Planets in this color variation have ever come to market. We knew there would be competition,” King said.

A parade of Japanese toy motorcycles was led by a 12in red version of I. Y. Japan’s tin bike known by the name “Friendly.” A beautiful presentation with a male driver and a female passenger, it was complete and in correct working order, including its ability to emit a motor noise. Three months earlier, Milestone had sold a different example of the same design, also in very nice condition, for $10,000. For the bike entered in the January 13 sale, Milestone assigned a conservative estimate of $3,000-$5,000. Rarity and condition once again attracted collectors, and it rose to $16,500 ($19,305 with buyer’s premium).

There was tremendous overseas interest in prewar Japanese toys, especially the lithographed-tin windup motorcycles. Two of the leading entries were cataloged with individual estimates of $2,000-$3,000, but as time would tell, there was much more upside yet to achieve. One of the bikes was a ‘Gun-Yo’ military trike motorcycle, 10½in long, fastidiously detailed and with a Japanese soldier driver kitted out with a gun and a dagger. The other bike, a ‘Welby’ trike motorcycle, exhibited a beautiful color palette and fine detailing, even down to the speckled pattern on the civilian rider’s shirt. Both sold for nearly five times the high estimate, settling at $12,000 ($14,040 with buyer’s premium).
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Exelo Mars Explorer space car, which sold for $36,000 ($42,120 with buyer’s premium) at Milestone.
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Yonezawa Diamond Planet Robot, which sold for $28,000 ($34,440 with buyer’s premium) at Milestone.
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I. Y. Friendly, which sold for $16,500 ($19,305 with buyer’s premium) at Milestone.
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Gun-Yo military trike, which sold for $12,000 ($14,040 with buyer’s premium) at Milestone.
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Welby trike, which sold for $12,000 ($14,040 with buyer’s premium) at Milestone.
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