Understanding the dynamic interaction between the catenary and pantograph of a high-speed train is the one of the most important technical issues in the railway industry. This is because the catenarypantograph system plays a crucial role in providing electric power to the railway vehicle for stable operation. The aim of the present paper is to estimate the current-collection performance of this system by using numerical analysis, in particular, the flexible multibody dynamic analysis technique. To implement large deformable catenary wires, an absolute nodal coordinate formulation is used for the cable element. Additionally, an efficient contact element and an interactive model for the catenarypantograph system are introduced. Each developed model is then used for analytical and experimental verification. Actual on-line test results of existing high-speed railway vehicles are presented and used to verify the analysis model. Finally, the performance characteristics of a new 400 km/h-class high-speed line are estimated and evaluated on the basis of international standards.