An array of awesome vintage toys by the Forbes Magazine founder Malcom Forbes garnered around $2.3 million at an auction in New York. The collection included boats, soldiers and vintage cars. The piece de resistance was a replica of the 1915 ocean liner Lusitania, which was sold for a mind-blowing $190,000.
According to Dailymail, some of these exotic toys date back to 1850, which Malcolm Forbes described as the "Golden Age of toy making."
Tycoon Toy Auctions
Toys Collected by Malcolm Forbes Sold for $2.3 Million
Trend Themes
1. Vintage Toy Collecting - There is a growing interest in vintage toy collecting, with high prices being paid for rare and unique items.
2. Nostalgia Marketing - Companies can tap into the nostalgia market by creating products based on popular vintage toys.
3. Digital Toy Innovation - There is an opportunity to bring vintage toy experiences into the digital age through the use of augmented reality and other technologies.
Industry Implications
1. Toy Collecting and Auctions - The toy collecting and auction industry is growing, with potential for increased sales and revenue as interest in vintage toys continues to rise.
2. Toy Manufacturing - Toy manufacturers can use the popularity of vintage toys to create new products or reissue popular classics.
3. Augmented Reality - Companies specializing in augmented reality technology can partner with toy manufacturers to create innovative digital experiences for vintage toys.