P-51 4 sale

[usafthndrbrds]

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

[oscardeuce]

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

[wendovertom]

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

Tom P.

[ThinkingManNeil]

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..

[oscardeuce]

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

[Mark V]

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.

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.

[CorsairFreak]

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

[sdennison]

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/

[usafthndrbrds]

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

How much lower?

[usafthndrbrds]

A basketcase '51 can go for $350K US to $500 K US depending on completeness and condition...

What would constitute as a Basketcase?

[Mark V]

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/

Sold to Canadian collector Michael Potter.

[Mark V]

A basketcase '51 can go for $350K US to $500 K US depending on completeness and condition...

What would constitute as a Basketcase?

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.

[airnutz]

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!!