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A pristine toy train station made in 1905 shines in an exhibition of 3,500 antique locomotives and railroad buildings at Sotheby’s in New York.

The group is part of the Jerni Collection, which includes more than 27,000 toys made between 1850 and 1940.

The auction house is offering the entire collection as a single lot in a private sale estimated to bring more than $10 million. Other experts put the value much higher.

“I think $40 million to $50 million is a very comfortable number for that collection,” said Noel Barrett, an appraiser on PBS’s “Antiques Roadshow” and president of Noel Barrett Antiques & Auctions.
more images (the bridges!!!!) and merklin (tm) collectors discussion
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