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PostPosted: Sun Jul 29, 2012 2:26 pm 
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Russ Blow wrote:

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Nice L4......but I pause to ponder.....if the tug can be thrown in on the deal....same as throwing in the barbeque grill when closing on a home..... :axe:

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PostPosted: Sun Jul 29, 2012 3:59 pm 
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gary1954 wrote:
Russ Blow wrote:

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Nice L4......but I pause to ponder.....if the tug can be thrown in on the deal....same as throwing in the barbeque grill when closing on a home..... :axe:



Hold out for the matching work platform shoved under the tail as well. Maybe buy the B 25 and get the PT 26 free.

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PostPosted: Tue Aug 21, 2012 6:20 pm 
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Any updates on the derelict? :axe:

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PostPosted: Wed Sep 12, 2012 6:01 pm 
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Contacted the guy listed in the barnstormers Ad. He's looking for 259K. Said come on down and bring a crew to resurface control surfaces etc and get her flying again. She looks like she needs quite a bit more than that. Be good to get her out of the weather at least and into the nearby museum.


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PostPosted: Thu Sep 13, 2012 7:23 am 
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I have received a detailed report on this aircraft as provided by the broker when I requested it.

It is clear that this aircraft will need to have someone who is very familiar with this type to go through it very carefully.

Any inspection could only be done once all the avian mess (bird poop) has been removed. Avian mess, when damp and left to sit can cause Avian pox in humans

and is very corrosive causing skin tissue to continuously die leaving open sores etc. Once cleaned, the standard procedure to kill the virus is to wrap and seal the

object and decontaminate it. While I agree this is an excellent project, I feel the asking price of $259k is way over the top considering the obvious corrosion visible

on the wing attach points and other locations. These issues are not a permenent obstacle but need to be considered when factoring in all the costs.

hope this helps

Peter


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PostPosted: Thu Sep 13, 2012 9:52 am 
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I'd start with a thorough title search to determine liens and legal "activities" involved.

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PostPosted: Thu Sep 13, 2012 8:48 pm 
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Slightly OT, but I remember reading an article about the restoration of the Collings B-24, which said that several workers became seriously ill after cleaning the internal structure, due to all the rat feces. This one would likely have to be treated as a "haz-mat" situation until thoroughly decontaminated.

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PostPosted: Fri Sep 14, 2012 2:54 am 
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Not that I could afford to properly save this one, but if $200+ is way over the top, what would be a fair value?

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PostPosted: Fri Sep 14, 2012 10:53 pm 
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259k really is not out of line. Even though "she " needs some work and control surfaces recovered plus incidental things that really is a drop in the bucket compared to other aircraft. Certain places are asking 125k for project B-25's so this asking price is a good starting point. :drink3:

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PostPosted: Fri Sep 14, 2012 11:16 pm 
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Well the maths isn't hard to do.

you can buy a flyer anywhere between $500k and $750K depending on times and condition ie original vs updated avionics and interiors.

You would be looking at about this price to get this bird back to its former glory, so unless you have a large inventory of spares etc as some people and companyies

do then its probably not that bad because the overheads on repairs are drastically reduced.


Digger

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PostPosted: Sat Sep 15, 2012 12:42 pm 
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If it sells, I'm guessing it won't be a profit motive on the part of the purchaser. It'll be about saving the plane from ruin.

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PostPosted: Sat Sep 15, 2012 1:28 pm 
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I'm sure someone will save it from ruin (I hope)! :shock:

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PostPosted: Sun Sep 16, 2012 6:37 pm 
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I look to the west and wonder if she will be picked up by Carl Scholl, dismantled and stowed for future restoration and sale

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PostPosted: Sat Sep 22, 2012 8:18 pm 
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Digger wrote:
Well the maths isn't hard to do.

you can buy a flyer anywhere between $500k and $750K depending on times and condition ie original vs updated avionics and interiors.

You would be looking at about this price to get this bird back to its former glory, so unless you have a large inventory of spares etc as some people and companyies

do then its probably not that bad because the overheads on repairs are drastically reduced.

Digger


One fully restored, actively flying B-25 was sold three years ago for $230,000 and the sales market hasn't improved much since that time. If you could turn a B-25 in today's market for $500k there would be at least three or four more up for sale, but you'd be lucky to get $225k for a solid flyer at this point -- not even worth listing. The owner of this B-25 obviously isn't grounded in any reality here... listing at that price and telling prospects that you'd only need to hang the engine and recover the controls to get her in the air is absolute lunacy. Unfortunately, if it sells, it will be to someone who doesn't have a clue what they are getting into and I fear the plane will continue to languish where it sits -- unless the owner re-lists with something far more realistic (dare I say something with five digits).

My .02.

Cheers,
Ryan

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PostPosted: Sun Sep 23, 2012 1:40 am 
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Ryan Keough wrote:
If you could turn a B-25 in today's market for $500k there would be at least three or four more up for sale, but you'd be lucky to get $225k for a solid flyer at this point -- not even worth listing.



If you know where I can get a flying B-25 for $225K, please tell me. I'll buy two this next week! They are going for MUCH more than that right now.

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