A.C. Gilbert died in 1961 and the company steadily declined. The Erector was redesigned in an effort to keep up with the times, but found it could not compete with the realistic scale model toys flooding the market.
The A.C. Gilbert company filed for bankruptcy in 1967 after an illustrious 54-year run that produced more than 30 million Erector Sets. In a fitting tribute, the life and work of A.C. Gilbert “Erector” was inducted into the National Toy Hall of Fame in 1998.
Until next time,
Linda Hamer Kennett is a professional liquidation consultant specializing in down-sizing for seniors and the valuation of estates and may be reached at 317-429-7887 or email@example.com.