Toys fetch $3m

A collection of rare and valuable toys amassed over almost 40 years by the late Malcolm Forbes and his sons sold for US$2.3 million ($3.1 million) at auction at Sotheby's in New York.

The Forbes collection of antique toys included boats, soldiers, motorcycles and board games, including a handmade Monopoly game from 1933.

The highlight was a 1m long replica of the Cunard Line's Lusitania ocean liner, complete with crew and passengers. It sold for US$194,500 to an American collector, a record for a toy boat at auction.