The firm wrote that it was one of only four known and sold for $19,800. The third highest lantern result was found in this red globe cast with “A.T.&S.F.” over “R.R.” The 1870s Adams & Westlake brass top lantern featured an adjustable interior baffle to accommodate minor variations of globe size. By the same maker was a lantern with a tall signal green globe cast with the letters U.P.R.W. At $7,700 was a Union Pacific lantern with cast lettering on red globe by Adams & Westlake. Clark was a tall red globe with cast “Union Pacific” that sold for $14,300. The track bills itself as the oldest operating Class I railroad in the United States.Īttributed to George M. Union Pacific built more miles of railroad than the other two companies combined. It was founded in 1862 as part of the First Transcontinental Railroad project with Union Pacific among the three companies responsible for building the line from Iowa to San Francisco. Union Pacific still operates today, running freight through 23 states west of Chicago and New Orleans. The lantern was made by MM Buck & Company of St Louis, which manufactured all kinds of railroad equipment. The auction house wrote that the lantern is thought to be the only example in this color with the Union Pacific lettering embossed around the globe in this specific style. The sale was led by a $46,200 result for a Union Pacific tall cast blue globe lantern that went about nine times over the previous record for a railroad lantern at any online auction. The firm wrote, “Collectors typically associate globes of this type and style to match correctly with hand lanterns made by MM Buck-Handlan-Buck.” The color and regional interest propelled this green extended lip globe for the Santa Fe Route to $20,900. He also went to specialty railroad and military shows and talked about a lantern that he bought at an auction there in Topeka, too.”
Another was in the back of an antiques shop in a cupboard along with the Depression glass. He said he was at an auction once and someone was having a garage sale right across the street – he bought a lantern there.
Chance favors those in motion, and he was out and about at the local auctions and shops. “He could be philosophical, but his answers were always really good. “He was always on the move and always going,” Soulis said of Cregut.
PACKRAT ANTIQUES OFFLINE
Soulis related that the top lot was certainly an auction record, though lanterns are known to have traded at offline auctions and privately in the $20,000 range. Hot air? Not at all – the truth was bore out by the exceptional prices realized for the collection.Ī look at realized prices on LiveAuctioneers found that examples from Cregut’s collection now hold the top nine prices realized on the site for railroad lanterns. – In the publicity for his March 20 sale, auctioneer Dirk Soulis called Steve “Packrat” Cregut’s collection of railroad lanterns “the best ever offered at auction.” Review by Greg Smith, Photos Courtesy Soulis Auctions Blue is the rarest color of railroad lantern glass as it did not have a wide range of applications. “It was widely accepted as the only example found with that mark, that color, that condition,” Soulis said. A record was set for any railroad lantern at auction when this Union Pacific example with blue globe by the MM Buck Company sold for $46,200.
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