The first most valuable Lionel train ever sold is a Lionel Standard Gauge Set from 1934, the complete set with 400E Locomotive and State passenger cars sold for … drums, drums $250,000! The auction happened in 2016 and to date it is the most expensive Lionel train ever sold.

Are old train sets worth money?

Train sets that have all of the parts and pieces intact will almost always sell for more than sets that dont. If there are a lot of highly detailed graphics and they are in good condition the trains worth will be increased.