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By: 11th December 2014 at 10:05 Permalink - Edited 1st January 1970 at 01:00
-If it hasn't flown for 40 years it will need considerable work (and money) to bring it back to airworthy standard?
Connie Edwards has been quoted as saying the price asked is what he wants.
I wonder if a prospective customer with $3M burning a hole in his pocket would be prepared to wait (perhaps for a year?) when a flyer might be available now for around the same price?
mmitch.
By: 11th December 2014 at 12:06 Permalink - Edited 1st January 1970 at 01:00
-No its not a record -I should imagine the various MK.1's fetch quite a bit more.
By: 11th December 2014 at 12:17 Permalink - Edited 1st January 1970 at 01:00
-As for cars (automobiles), originality is often a factor: I suspect Connie Edwards' aircraft would render a higher price if so.
By: 11th December 2014 at 12:22 Permalink - Edited 1st January 1970 at 01:00
-I keep hearing this 'barn find' and 'original conditional' thing about the Connie Edwards aircraft. They are 'original 1970s', not 'original 1940s'.
By: 11th December 2014 at 12:49 Permalink - Edited 1st January 1970 at 01:00
-Weren't they asking 2.4 million POUNDS, not dollars, for one of the Spitfire 1 rebuilds?
By: 11th December 2014 at 14:28 Permalink - Edited 1st January 1970 at 01:00
-I agree Mike J, how can they be a "barn find", presumably Connie Edwards knew exactly where they were all the time they were in his possession and as for original condition, I dont think so!!!!
Happy Christmas
By: 11th December 2014 at 14:52 Permalink - Edited 1st January 1970 at 01:00
-Compared to classic cars, you could make a case that vintage aeroplanes are undervalued, as prices for cars go to tens of millions.
Actually, they aren't undervalued compared to cars. Classic and vintage cars are valuable because they have verifiable provenance. If you put together a 1750 Alfa, say, from bitsas and fabricated parts, you'd have what the cars guys call a replica.
By: 11th December 2014 at 15:57 Permalink - Edited 1st January 1970 at 01:00
-Its nothing to do with verifiable provenance, its all about the market. There are fewer people able and willing to buy a Spitfire than there are buying vintage cars, plus owning a Spitfire comes with hefty fixed costs and obligations. Thus the market value is what it is.
By: 11th December 2014 at 16:08 Permalink - Edited 1st January 1970 at 01:00
-dread to think what the back to flight costs would be
By: 11th December 2014 at 16:12 Permalink - Edited 1st January 1970 at 01:00
-As a keenly interested onlooker I bow to the expert opinion here but was also going to make the same observation WebPilot has. In a free market it is that, the market, which is the final arbiter of the price of an article from a classic aircraft to a pushbike.
By: 11th December 2014 at 16:37 Permalink - Edited 1st January 1970 at 01:00
-How many of these Spitfires have been on the market for quite a while and haven't sold.Something is only worth what someone can pay for it.
By: 11th December 2014 at 16:40 Permalink - Edited 1st January 1970 at 01:00
-That said....provenance does add to the marketability and thus the value. The current range for Spitfire values is roughly £1m - £2m, with earlier machines with combat history at the top end of the range, while Griffon engined and later machines are further down the scale. As Trumper says, some have been up for sale for a while which reflects the small number of potential buyers and the costs involved.
By: 11th December 2014 at 17:05 Permalink - Edited 1st January 1970 at 01:00
-His last sentence says it all.
By: 11th December 2014 at 18:45 Permalink - Edited 1st January 1970 at 01:00
-There's a P51 up for sale for £650,000 on afors.
By: 11th December 2014 at 19:15 Permalink - Edited 1st January 1970 at 01:00
-There's a P51 up for sale for £650,000 on afors.
I saw that. Very cheap..... two million dollars would be more expected.
Afors have been troubled by a lot of scam adverts recently. Just saying.
By: 11th December 2014 at 20:13 Permalink - Edited 1st January 1970 at 01:00
-Going back to the auto comparison, I suspect that the 'car vs aircraft' disparity is much akin to the 'race car vs road car' disparity in auto valuations. Thus, a GTO will always fetch more than a Porsche 917, because despite the latter being a far more successful race car, you can drive your GTO to the shops.
(and yes I know there has been at least one 917 road car, but the point is well made I think.)
By: 13th December 2014 at 21:47 Permalink - Edited 1st January 1970 at 01:00
-Actually, they aren't undervalued compared to cars. Classic and vintage cars are valuable because they have verifiable provenance. If you put together a 1750 Alfa, say, from bitsas and fabricated parts, you'd have what the cars guys call a replica.
I'd venture that there is much more demand - and hence higher prices - for vintage cars, because
- anyone can drive a vintage car and walk away from the experience alive without any further training
- you can keep it/them at home, and relatively little space is required
- hardly any red tape involved with operating a car
Cars are just so much more accessible and practical.
By: 14th December 2014 at 03:28 Permalink - Edited 1st January 1970 at 01:00
-And if you are so inclined you can take the other half shopping in a classic car. A slightly more difficult proposition in a classic aircraft unless you know a supermarket attached to an airfield.
By: 14th December 2014 at 04:34 Permalink - Edited 1st January 1970 at 01:00
-- anyone can drive a vintage car and walk away from the experience alive without any further training]
- you can keep it/them at home, and relatively little space is required
- hardly any red tape involved with operating a carCars are just so much more accessible and practical.
These are not the reasons why people bay $35 to $50 million for vintage cars. Not even close.
By: 14th December 2014 at 06:40 Permalink - Edited 1st January 1970 at 01:00
-]These are not the reasons why people bay $35 to $50 million for vintage cars. Not even close.
I would suggest the reason being that they have all got far too much money and don't know what to do with it. Why else would you shell out millions for a metal box with a wheel in each corner?
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By: Propstrike - 11th December 2014 at 09:46
Platinum have MH415 on the market. Will this be a record-breaking price if it goes ahead ?
Compared to classic cars, you could make a case that vintage aeroplanes are undervalued, as prices for cars go to tens of millions.
I guess a MK IX, with combat history and a movie star is about as good as it gets.
http://www.platinumfighters.com/#!spitfire-mh415/c12uh
( NB Cannot amend title to say million ! )