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45231

Discussion in 'Steam Traction' started by paullad1984, Dec 15, 2010.

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  1. paullad1984

    paullad1984 Member

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    I see from the latest cpy of Steam Railway, 45321, Bert Hitchins Black 5 is up for sale....
     
    paullad1984, Dec 15, 2010
    #1
  2. Pete Thornhill

    Pete Thornhill Resident of Nat Pres Staff Member Administrator Moderator Friend

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    Re: 45321

    If I could just win the lottery or even better a euro millions super rollover....................
     
    Pete Thornhill, Dec 15, 2010
    #2
  3. Rileys Ghost

    Rileys Ghost New Member Account Suspended

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    Re: 45321

    :rip:
     
    Rileys Ghost, Dec 15, 2010
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  4. paullad1984

    paullad1984 Member

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    Re: 45321

    sorry my mistake, 45231
     
    paullad1984, Dec 15, 2010
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  5. Pete Thornhill

    Pete Thornhill Resident of Nat Pres Staff Member Administrator Moderator Friend

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    Re: 45321

    Hadn't noticed that! Still my chances of owning 45321 are about as much as that lottery win!!!
     
    Pete Thornhill, Dec 15, 2010
    #5
  6. Matt35027

    Matt35027 Well-Known Member

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    Re: 45321

    How much change would you get from £1m for a mainline registered 5?
     
    Matt35027, Dec 15, 2010
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  7. Thompson1706

    Thompson1706 Part of the furniture

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    Re: 45321

    Could be from the strategic reserve. They might sell a Grange or a Patriot next.

    Bob.
     
    Thompson1706, Dec 15, 2010
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  8. Sidmouth

    Sidmouth Resident of Nat Pres Staff Member Moderator

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    Re: 45321

    I can't see that many would be purchasers and an engine is only worth what someone will pay for it . 4588 and 3803 have failed to sell at both original and reduced asking prices .

    I'd suggest there are perhaps 2 candidates that spring to mind who would find a black 5 useful , but both already have ownership stakes in other members of the class.
     
    Sidmouth, Dec 15, 2010
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  9. 61624

    61624 Part of the furniture

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    Re: 45321

    High prices seem to have been paid for main line locos that are newly overhauled and have plenty of ticket left. 45231 is towards the end of its ticket and so one might expect that its current value would be around £0.25M (bearing in mind it probably needs a 350K overhaul) - but Bert Hitchen probably doesn't share that view!
     
    61624, Dec 15, 2010
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  10. Matt35027

    Matt35027 Well-Known Member

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    Re: 45321

    Do we have a rough figure for what the Pocket Rocket sold for? She was mainline registered with a good few years left on her boiler ticket.
     
    Matt35027, Dec 15, 2010
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  11. Neil_Scott

    Neil_Scott Part of the furniture

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    Re: 45321

    £300k wasn't it on a hire-purchase agreement?
     
    Neil_Scott, Dec 15, 2010
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  12. D7076

    D7076 Well-Known Member

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    Re: 45321

    And the rest.Sure certain NYMR accountants/drivers could confirm,but seem to remember the first number being a 6.
     
    D7076, Dec 15, 2010
    #12
  13. paullad1984

    paullad1984 Member

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    Re: 45321

    My sources on the matter tell me £600,000 for the pocket rocket, so id still reckon £800,000-£1,000,000 for the Black 5
     
    paullad1984, Dec 16, 2010
    #13
  14. ilvaporista

    ilvaporista Part of the furniture

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    Re: 45321

    It's only worth what someone will pay for it. Banding about figures of £1million will make some people believe that is what it's worth. Worth is a function of what it can do for you and how much you are prepared to spend.
     
    ilvaporista, Dec 16, 2010
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  15. Sidmouth

    Sidmouth Resident of Nat Pres Staff Member Moderator

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    Re: 45321

    and lets be honest , steam locomotives soak up cash like nothing else
     
    Sidmouth, Dec 16, 2010
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  16. 61624

    61624 Part of the furniture

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    Re: 45321

    The price for 76079 was for a loco that had just had a heavy general overhaul and a new 10 yr ticket, and the figure was not dissimilar to what was paid a few years earlier for 75029. 45231 is towards the end of its ticket, approaching an overhaul that could easily cost £350,000 on top of the purchase price. If you think it's worth 800-1000K before being overhauled you're suggesting its worth 1200K after completion of the overhaul - twice what was paid for 76079. Do you really think it is worth that much more? I don't.
     
    61624, Dec 16, 2010
    #16
  17. ADB968008

    ADB968008 Guest

    Re: 45321

    44932's sale figure were published in Steam Railway back in 2009,
    The amount suggested for the % ownership transferred suggests it's overall worth was over the £1mn mark... before completion of it's overhaul.

    About the same time, someone else was offering a Barry Wreck Bulleid for £300k. ( apparently it had a good boiler waiting to be restored ??? ).
    Wasnt a complete but non working Manor sold recently for £200k-£300k ?
    and 3803 is widely reported for sale for more than a year in the £300k range..
    and a pannier (complete but non-working over the £200k mark !)

    And on ebay today.... there's a working PKP 0-8-0T for sale at £42,500 based at the Nene Valley with 18 months left on it's ticket.
    (I recall it being offered for c£60k last year).
     
    ADB968008, Dec 16, 2010
    #17
  18. Steve

    Steve Resident of Nat Pres Friend

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    Re: 45321

    ?? It does say Bert Hitchin in the first post!

    It's no secret that 76079 cost £600K. As has been said by others, that was with almost a full '10 year' ticket. 45231 is near the end of its and will want a lot of work doing to it. Boiler work is expensive and it really needs a new cylinder so, unless one ex 48518 is made available, that isn't going to be cheap, either. 92214 with a similar ticket life was on the market at £300K, although I don't know what it changed hands for. At the end of the day, it's worth what someone will pay for it but I would suggest that anybody paying over £250K is paying too much.

    Caveat emptor, I'd say.
     
    Steve, Dec 16, 2010
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  19. Rileys Ghost

    Rileys Ghost New Member Account Suspended

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    Re: 45231 (??)

    :rip:
     
    Rileys Ghost, Dec 16, 2010
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  20. Steve

    Steve Resident of Nat Pres Friend

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    Re: 45231 (??)

    I obviously missed the point. Still not sure I've hit it now! I took your bold 45231 as simply emphasising the fact he'd got the number wrong.
     
    Steve, Dec 16, 2010
    #20
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