About £1.51. Quick and dirty estimate would give about £193 in today’s money.
But 1951 Britain was far from prosperous, I guess, so perhaps rather more.
Hi Simon
£193 is a staggering amount for a piece of 0 gauge track. Especially one that is gauche and actually doesn’t work very well for some of its intended functions. I bought this ramp rail as a novelty, because I had never seen a post-WW2 example before. I am not sure I am going to use it. Current plans are to use post-WW2 Bassett-Lowke permanent way track for the yard at Cavendish Goods — which is to be worked by van Riemsdyk 0-6-0Ts, and these are not fitted with trips for track control.
The real terms price of the ramp rail does raise some interesting questions. First, how many were made? To my knowledge, there is little or no information regarding Bassett-Lowke’s sales figures from the relevant period. We know what the company was selling (from the catalogues), but not how much of it. Just on the basis of the enormous price, it seems likely only tiny numbers of ramp rails would have been sold. Also, by the 1950s, mains electricity was the norm so demand for clockwork models had greatly reduced. By the mid 1950s, the ramp rail was no longer listed in the catalogues. I don’t have a catalogue from every year, but let’s say from the resumption of model manufacturing after WW2 until the ramp rail ceased to be listed was six years when it was produced. If a ramp rail was sold every week, that would be total sales of just over 300. Actually, I can’t believe sales would be anywhere near one per week. Were there even 100 made in total?
The second point the real-terms new price indicates is just how cheap vintage models are. I paid £17.50 for the ramp rail in an internet auction, quite recently. So, less than a tenth of what the original owner paid. I think this is probably a general truth for antique and vintage items, leaving aside very rare or remarkable pieces for which there is competition from collectors. The much lower labour costs prevalent when the item was produced feed through into the current price. The price of items made today necessarily reflects current costs, though the relative prices of new and vintage models will obviously also be influenced by supply and demand and other factors. For the ramp rail, who, apart from me, really wants one? The internet auction suggests that could well be nobody.