Bertoia to Auction Part II of the Schroeder Toy, Bank Collection

Lovingly assembled over decades, the vast and storied collection contains some of the rarest and most-prized toys and banks ever to reach the market.

VINELAND, N.J. – Bertoia will add yet another chapter to the legacy of one of America’s greatest antique toy and bank collections as the auction house sells Part II of the Aaron and Abby Schroeder Collection, September 10-11. 

Considered by many to be in a league of its own, this vast and storied collection contains some of the rarest and most-prized toys ever to reach auction. The collection was lovingly assembled over several decades by the late songwriter/record producer Aaron Schroeder (1926-2009) and his wife and business partner of 49 years, Abby Schroeder.

The collection’s holdings include an extraordinary selection of late-19th to early 20th-century American cast iron, including premier mechanical and still banks; ultra-desirable horse-drawn and bell toys, and early American tin and clockwork toys. The latter grouping, crowned by museum-worthy classics made by Ives, is beautifully complemented by a broad array of European tin toys.

Part I of the Schroeder collection sold in March realized $3.1 million at Bertoia’s. World-record auction prices were set throughout the two-day event. The sale’s top lot, a pristine to near-mint J & E Stevens Girl Skipping Rope cast-iron mechanical bank shown in Blair Whitton’s 1981 reference Clockwork Toys, sold for a record $156,000 against an estimate of $70,000-$100,000.

This Kyser & Rex Co. Mikado cast-iron mechanical bank is one of the highlights of the auction. The red-table version is extremely rare and one of the best examples known. Estimate: $80,000-$120,000. Courtesy of Bertoia Auctions

Part II, with 896 lots, features a generous lineup of cast-iron banks, including more than 100 “stills” and nearly 200 mechanicals. “Even the most advanced collectors were thrilled to have a chance to bid on the Schroeders’ banks entered in our spring sale. We know they’ll be pleased with the high condition and excellent variety of banks set aside for the September event,” said Bertoia Auctions President Michael Bertoia.

Among the mechanical bank highlights: a pristine magician-themed Kyser & Rex Mikado, $80,000-$120,000; and one of only a few known examples of the Man Kicking Watermelon bank, $40,000-$70,000. Both a Shepard Hardware Picture Gallery bank and Kyser & Rex Roller Skating bank carry individual estimates of $30,000-$50,000; a Chimpanzee bank with a pre-sale estimate of $25,000-$45,000. A J&E Stevens Girl Skipping Rope, $20,000-$40,000; and elusive Little Red Riding Hood bank, $15,000-$25,000, complete the “top 7” list of mechanicals. An intriguing near-mint Lighthouse (manufacturer unknown) has a $3,000-$5,000 estimate.

Large hand-painted French omnibus, 24-inches long with cast-lead wheels and original plaster passenger figures, ca. 1895. Estimate: $6,000-$9,000. Courtesy of Bertoia Auctions
Ives cast-iron Sledge with Reindeer, unused condition and believed to be the only known example, 12" l. Estimate: $10,000-$15,000. Courtesy of Bertoia Auction

Two J&E Stevens productions – a Trust Bank, $1,500-$2,000; and a General Butler, $1,000-$1,500 – are among the still banks to be auctioned. Both an Ives painted Santa Claus (ex Seaman collection) and large Columbia bank with a combo trap are cataloged with individual estimates of $1,000-$1,500.

The spotlight on cast iron will continue with a stellar array of American horse-drawn, automotive, figural and bell toys, as well as cast-iron novelties, such as cap guns and cigar cutters. The doors to the Schroeders’ stable of horse-drawn toys will open to release a parade of stately equines, including a Pratt & Letchworth four-seat brake, $8,000-$12,000; a scarce and all-original Carpenter Burning Building, $12,000-$18,000; and a Hubley Royal Circus Bandwagon, $4,000-$7,000. A near-mint Ives Reindeer Sledge – a toy that’s on the wish list of many a cast-iron toy collector – will cross the auction block with a $10,000-$15,000 estimate.

Cast-iron "Alphabet Man," aka "The Yankee Schoolmaster," early educational toy of unknown manufacture, but undoubtedly American and one of the finest examples known, 10-1/2" h. Estimate" $20,000-$30,000. Courtesy of Bertoia Auctions

A stunning example of the extremely rare cast-iron toy known as “Alphabet Man” or “Yankee Schoolmaster” will step to the head of the class with a $20,000-$30,000 estimate, while a circa-1885 Hubley clockwork Amusement Ride toy is expected to ascend swiftly to the $12,000-$18,000 range. Among the prized bell toys, two of the most appealing entries are an N.N. Hill Boy Pulling Cat’s Tail, $2,500; and a pristine Gong Bell Freedom Ringer toy, $4,000-$6,000.

The enviable selection of more than 80 American tin and clockwork toys ranges from platform and horse-drawn pieces to walkers and Secor figures. A circa-1880s Ives Woman Dancer on Box is in near-mint condition and estimated at $2,500-$4,500. Two delightful productions by Althof Bergmann include a large Boy Riding Dog, $2,500-$4,500; and Boy Herding Animals, $2,000-$3,000. Both are in pristine condition.

Boxed FV Summer Train set, O gauge, circa 1890, hand-painted wind-up locomotive with summer cars having embossed-tin "curtains" and 12 rare lead passenger figures. Estimate: $3,000-$5,000. Courtesy of Bertoia Auctions

European tin productions are ready to impress as they follow a timeline from early hand-painted toys and diminutive penny toys to automotive, aeronautical and other wind-up toys. Bidders can also take their pick from more than 60 whimsical characters created by Lehmann and Fernand Martin. Many retain their original pictorial boxes, including Lehmann’s ever-popular Ski Rolf, $7,000-$10,000; Paddy & the Pig, $2,000-$3,000; and Tut Tut, $1,500-$2,500. A desirable Martin Barrel Roller is in all-original condition and estimated at $2,000-$3,000, as is a circa-1897 boxed Oxen Cart by the same French manufacturer.

The auction will take place at Bertoia Auctions’ gallery, 2141 DeMarco Dr., Vineland, NJ 08360. Start time for both days is 10 a.m. ET. Live attendance is limited and by reservation only, with masks and social distancing mandatory. In-gallery previews are by appointment only. Bid absentee, by phone, or live online through Bertoia Live or LiveAuctioneers. For additional information, call 856-692-1881, email toys@bertoiaauctions.com or visit www.bertoiaauctions.com.

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