Popeye And Olive Oyl Tank rolls to world-record $105K at Milestone toy auction

Popeye toy

Linemar Japan battery-operated Popeye and Olive Oyl Tank, 11 inches, with extremely rare original box. Very clean and bright, by far the finest example known. Excellent/Near Mint. Sold for a world record auction price of $105,000 against its pre-sale estimate of $30,000-$40,000

WILLOUGHBY, Ohio – Popeye toys haven’t seen an appreciable downturn in the collector marketplace at any point in the past 25 years. In keeping with that trend, vintage toys depicting the punchy sailor were “strong to the finich” at Milestone Auctions’ April 9 Antique Toy Spectacular, which grossed $650,000. Powering its way to the top of prices realized, a Linemar Popeye And Olive Oyl Tank with its original pictorial box sold for an astonishing $105,000, a new world auction record for a Popeye toy.

Winning bidder, who owned the tank previously but sold it 20 years ago, says it will be displayed at a new private toy museum in Florida

“Everyone, young or old, can relate to Popeye,” said Milestone Auctions co-owner Miles King. “Since first appearing in a 1929 comic strip, Popeye has amused and entertained audiences in a way that sets him apart from other comic or cartoon characters. He’s an eccentric guy who seems to wander naively into one misadventure after another, always getting out of a scrape at the last minute thanks to a can of spinach. Many of his exploits have translated to toys over the years, and collectors want them all.”

One of those collectors is Floridian Ozzie Bilotta, who bid aggressively to claim the Popeye tank which, ironically, he had owned once before.

Popeye toy

The new owner of the boxed Popeye And Olive Oyl Tank is Floridian Ozzie Bilotta, who paid a world-record $105,000 for the toy he had owned once before, around 20 years ago. The tank now holds the title of most expensive Popeye toy ever sold at auction and will join many other rarities, including the boxed Linemar Popeye In Rowboat shown in the background, in the private toy museum Bilotta plans to open this fall in Ponte Vedra, Florida. Image courtesy of Ozzie Bilotta

“I originally bought it in the early 2000s from an Australian seller on eBay,” Bilotta said. “I don’t think they knew much about what they had, because their description wasn’t very specific. The bidding opened at only a few hundred dollars, but I wasn’t the only one after it. I recall having to pay $14,000 or $15,000 for it. At the time, that was a record-setting price for a Popeye toy.”

A few years later, when Bilotta’s collecting focus shifted to robots and space toys, he sold the tank privately. For the next 20 years, he never saw or heard of the tank’s whereabouts. But old habits die hard, and even as immersed as he was in the world of sci-fi collectibles, he never lost his fondness for other types of vintage toys. He would regularly send out “wish lists” to dealers and auction houses, always including Popeye toys on those lists.

One day Miles King called Bilotta and said, “I know you’ve been looking for a Popeye tank. We have a boxed one coming up in our next sale.” King emailed photos to Bilotta, who immediately recognized it as being the same toy he had purchased on eBay decades earlier. “The box had the same small characteristics, the same scribbled numbers on the price tag – there was no question that it was the same toy.” The Popeye tank is now destined to be one of many prized attractions at a private museum Bilotta plans to open this fall in Ponte Vedra, Florida.

Popeye toy

Linemar battery-operated Popeye And Row Boat, 10½ inches, all original and complete with original pictorial box, oars and super-clean correct remote control. Excellent/Near Mint. Sold for $13,200 against an estimate of $2,500-$3,500. The buyer was Ozzie Bilotta, who will display the toy in his Florida museum slated to open sometime this fall.

At the April 9 auction, Popeye proved his strength time and time again. An exceptional example of a boxed Linemar battery-operated Popeye And Rowboat (above), complete with oars and its correct remote control, glided to $11,000 against a $2,500-$3,500 estimate. Bilotta was the winning bidder on this toy, as well.

Popeye toy

Hoge tin clockwork Popeye Rowboat with original oars, rudder and Hoge decal, 14in long. Sold for $9,600 against an estimate of $3,000-$4,000

An old favorite with collectors, a 14½-inch-long Hoge clockwork Popeye Rowboat came complete with its original oars, rudder and desirable Hoge decal. In excellent condition, it more than doubled its high estimate to moor at $9,600.

Popeye toy

Chein tin wind-up Popeye Heavy Hitter whowing Popeye hitting a carnival strength tester with a mallet, 11½ inches, all original, in working order, and complete with original box. Sold for $11,400 against an estimate of $5,000-$6,000

Several now-classic Popeye toys depict the musclebound sailor in boxing or strength-testing pursuits. Two toys from this category – both made by Chein – landed in the auction’s top 10: a Popeye Heavy Hitter with its original box, and a boxed wind-up Popeye Overhead Puncher. Each of the toys settled well above estimate at $11,400.

Popeye toy

Chein tin wind-up Popeye Overhead Puncher, all original and complete with celluloid punching bag. Excellent to near-mint condition with original pictorial box. Sold for $11,400 against an estimate of $4,000-$5,000

Right behind them, pricewise, was an all-original Linemar tin Mechanical Popeye Air-O-Plane with its original box, which sold for $10,500 against an estimate of $6,000-$8,000.

Popeye toy

Linemar tin wind-up Mechanical Popeye Air-O-Plane, all original and complete with pipe and propeller. Original pictorial box. Sold for $10,500 against an estimate of $6,000-$8,000

Disney toys, which have enjoyed a huge resurgence of interest, were present in the form of superstars like Mickey Mouse and Donald Duck and lovable co-stars such as Goofy, Pluto, and Figaro the Cat. A boxed Lionel Mickey Mouse Circus Train in beautiful condition, with original cardboard accessories including circus tickets, a Sunoco billboard, and cutouts of Mickey and Minnie Mouse, the Three Little Pigs and Clarabelle the Cow, chugged to $7,500 against an estimate of $3,000-$4,000.

Popeye toy

Lionel Mickey Mouse Circus Train with original pictorial box. Complete, colorfully lithographed train plus many original cardboard accessories. Sold for $7,500 against an estimate of $3,000-$4,000

Pressed steel weighed in with some impressive numbers. A 1920s Steelcraft Packard Deluxe pedal car, 49 inches long and in 100% original condition, was so complete it even retained its klaxon horn, spotlight, colored marker lights, dash gauges and license plates. Estimated at $6,000-$8,000, it cruised to $16,200.

Popeye toy

1920s Steelcraft Packard Deluxe pressed-steel pedal car, 49in long, 100% original as-found condition with very nice body and paint, and all the extras, including a klaxon horn, dash gauges and license plates. Sold for $16,200 against an estimate of $6,000-$8,000

Another delightful 1920s Steelcraft production, a 49-inch “Little Jim” Air Mail pedal airplane, also boasted 100% original condition, with maroon and cream paint on its super-clean body and a detailed piston-style engine. This spiffy auction entry landed at $10,500 against expectations of $3,000-$5,000.

Popeye toy

1920s Steelcraft ‘Little Jim’ Air Mail pedal airplane, 100% original, as-found condition with maroon and cream paint, and original Little Jim decal on back of seat. Fine working order. Sold for $10,500 against an estimate of $3,000-$5,000

A very rare 26-inch American National Coal Truck with electric headlights was at the forefront of a selection of 90+ pressed-steel vehicles. All original and exhibiting the great primitive look that collectors find so appealing, it coasted to an above-estimate price of $5,280.

Popeye toy

American National 26-inch pressed steel Coal Truck with electric headlights. Original condition. Sold above estimate for $5,280

Milestone Auctions is currently accepting consignments for its next Antique Toy Spectacular. To learn more, call Miles King at 440-527-8060 or email info@milestoneauctions.com. All enquiries are kept strictly confidential. Visit Milestone Auctions online at www.milestoneauctions.com.


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