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  • Posts Tagged ‘Malcolm Forbes’


    Saturday, December 18th, 2010
    An antique model of the Lusitania made $194,500 at Sotheby’s in New York on December 17. The actual wreck of the ill fated vessel on the seabed off Ireland changed hands for just £1,000 in 1968. The Marklin model, made c1912 in Germany, was the top lot in the sale of the Malcolm Forbes toy collection.  The sale realised $2,381,008.
    Sotheby’s say the model, which has become the most expensive toy boat ever sold at auction, was crafted by Marklin at the height of their creative genius and that, like good wine, age has improved it. Lusitania was launched in England in 1906 and made her maiden voyage in 1907. The transatlantic liner was hit by a German torpedo off the coast of Cork in 1915.   The Cunard Line vessel sank in just 18 minutes, losing 1,198 of her 1,959 civilian passengers.  In 1967 the wreck of the Lusitania was sold by the Liverpool & London War Risks Insurance Association to former US Navy diver John Light for £1,000. Gregg Bemis became a co-owner of the wreck in 1968, and by 1982 had bought out his partners to become sole owner.  Mr. Bemis is a venture capitalist and entrepreneur who ran unsuccessfully three times as a Republican candidate in New Mexico.
    See post for December 9