Re: Steam Locomotive Values

John West Wrote:
-------------------------------------------------------
> . . .  What evolved was a curve, defined by high,
> most likely and low values, and even that can in
> many cases be fairly described as little more than
> a combination of wild-ass guesses.  Probably not
> unlike what a real estate agent might tell you if
> you asked him how much your house is worth.


Right, John -

Except that a real estate agent usually has access to a fair-sized list of actual selling prices of comparable homes in similar neighborhoods.  The list of comparable sales of locomotives – especially old steam locos that have been sitting outside and rusting for decades – is rather sparse . . .

- Roosso

p.s.  IMHO, the SoCal Chapter of the NR&LHS got ripped off when they traded 4-8-8-4 #4014 for a diseasel.  They should have held out for 2-10-2 #5511 — IIRC the last locomotive extant with a Young valve gear and which also, unlike #4014, actually worked nearby Cajon Pass at one time in her career.