In real estate its location, location, location. In the antiques and collectibles business its condition, condition, condition. This is a very desirable toy that has condition problems. It was brought to us to be appraised last weekend at the Easton show. Excellent condition Buddy L street sprinklers like this will sell for $3,000 to $5,000. The question is what will one in poor condition sell for?
I estimated this one between $800 to $1,200. I will tell you however, that when you put toy collectors together in an auction house prices can end up significantly higher. Never discount the competitive nature of antiques buyers. They will sometimes pay crazy prices for poor condition items just to keep their competitors from getting it.
Restoration may be acceptable to some collectors on a rare toy like this one. Properly restored it could bring $2,500.