Warbird Information Exchange

i was just wandering what a restored P-51 should normally sell for

I have seen them in the $ 1-1.5 million range give or take.

I've been told that there is a significant difference between advertised price and actual sale price. - sale price is usually lower.

Tom P.

A basketcase '51 can go for $350K US to $500 K US depending on completeness and condition; a good, stock unassembled aircraft can average $500K to $750K, whereas a good, stock flying P-51D that hasn't been worked on for a few years (ie., undergone any major restoration other than regular maintenance) will usually cost $1 to $1.5 million US. A concours, show or museum-quality restoration is now closing in on $2,000,000 or soon will be. Then there are other costs to consider; top overhaul on a Packard-Rolls Royce Merlin engine can easily run $75,000 to $100,000; an accurate WW2 paint scheme can cost $25K - $50K depending on it's complexity and artwork, and of course there are the operating costs--fuel (Avgas prices continue to soar), maintenance, insurance (which can be prohibitive).

Mustangs, and nearly all other "heavy-metal" warbirds, are very much a rich man's game. A good source for Mustangs and their prices is Courtesy Aircraft [http://www.courtesyaircraft.com/]

N..

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"Live to Fly; Fly to Live"

One owner told me his insurance was $20,000/year.
Ouch!

I would suggest more like....
A basketcase '51 can go for $350K US to $500 K US depending on completeness and condition; a good, stock unassembled aircraft can average $500K to $750K, whereas a good, stock flying P-51D that hasn't been worked on for a few years (ie., undergone any major restoration other than regular maintenance) will usually cost $900k to $1.2 million US. A concours, show or museum-quality restoration is now closing in on $1.5.

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Warbird Colour - Authentic historic aircraft finishes http://www.warbirdcolour.co.uk

"Dove of Piece" which was at MAPS Air Museum for several months sold to new Zealand for reportadly $1.7 million.

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When all is said and done more is said than done.

Where's this one in the loop? Did it sell or is it still for sale? Looks pretty "primo" to me.

http://www.pilotmarket.com/category/Air ... ican/2174/

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How much lower?

What would constitute as a Basketcase?

Sold to Canadian collector Michael Potter.

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Warbird Colour - Authentic historic aircraft finishes http://www.warbirdcolour.co.uk

Not my choice of words but it usually refers to a project or substantial parts collection that would form the basis of a restorable airframe.

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Warbird Colour - Authentic historic aircraft finishes http://www.warbirdcolour.co.uk

Here's a basketcase which was asking-price 250K with spare engine,
enginemount, windscreen and a few other bits..remains of Scat VII..
although an extreme example...

www.airliners.net/open.file/528632/L/

Chuck Beyl informed us that if the spare engine was up to snuff and the
engine-bearer were worth about 110K...whew!!

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