Tue Dec 29, 2015 9:33 am
Tue Dec 29, 2015 9:38 am
Tue Dec 29, 2015 11:29 am
Steve Nelson wrote:I've always been under the impression that they feel they can make more money from the wrecks as tourist attractions than by selling them outright.
SN
Tue Dec 29, 2015 12:44 pm
Tue Dec 29, 2015 12:47 pm
Steve Nelson wrote:I've always been under the impression that they feel they can make more money from the wrecks as tourist attractions than by selling them outright.
SN
Tue Dec 29, 2015 12:50 pm
DoraNineFan wrote:Pacific Wrecks told them a lot of lies by saying that the Swamp Ghost was worth $20M.
Tue Dec 29, 2015 1:07 pm
lmritger wrote:DoraNineFan wrote:Pacific Wrecks told them a lot of lies by saying that the Swamp Ghost was worth $20M.
Well, before we start swinging axes here, do we know the *context* of that conversation? Because let's be honest, I don't think that's an absurdly unreasonable price to attach to that particular B-17 given her history and her rarity- not only an E, but one of the first 512 with the remote-sighted belly turret, the only one left in the world, AND one of the only two existing Pacific B-17 veterans, this one with combat history over Java. Fully restored, I could see a 20M price tag on it, considering "common" G models with no real history to speak of are valued around half that much (if I recall correctly).
I guess a good question here would be, what arrangements were made with PNG to retrieve Swamp Ghost? And yes, it seems that offering to invest in some sustainable infrastructure to serve the communities in exchange for retrieving these valuable aircraft would be a really good trade-off for the government, but what do I know.
Lynn
Wed Dec 30, 2015 5:11 am
Wed Dec 30, 2015 8:25 am
Wed Dec 30, 2015 8:40 am
fiftycal wrote:completely doable, but first you need to get locals permission and pay them something, then get the local and federal government permission and permits, that can cost a bit, pay the locals to disassemble and load it onto a barge around to kimbi, maybe 3 days? @ $65,000 per day, or helicopter (mil) @ $55,000/hour (ex moresby), then clean it, try to export it...if your lucky and you have no issues then several hundred grand later you own a wreck that people on wix can call a piece of crap![]()
png has virtually nil roads and everything is expensive, a hotel may be $500/night, fuel maybe $10-15 per litre depending on where you are
it would be a great thing to do if you had the cash though
Wed Dec 30, 2015 9:32 am
lmritger wrote:I recognize the guy you're referring to as JT, but I don't know him from Hogan's goat- I just figured I'd bring this up for discussion because it completely blew me away to learn there was a G3M still above water and given the interest in POF's G4M Betty movement, I didn't (and still don't) really understand why there isn't more of an interest in trying to get these incredibly rare aircraft out of the fetid swamps and into a restoration shop.
Or am I perhaps overestimating the interest in Japanese aircraft which don't include the word "Zero" in their names?
Lynn
Wed Dec 30, 2015 9:35 am
DoraNineFan wrote:fiftycal wrote:completely doable, but first you need to get locals permission and pay them something, then get the local and federal government permission and permits, that can cost a bit, pay the locals to disassemble and load it onto a barge around to kimbi, maybe 3 days? @ $65,000 per day, or helicopter (mil) @ $55,000/hour (ex moresby), then clean it, try to export it...if your lucky and you have no issues then several hundred grand later you own a wreck that people on wix can call a piece of crap![]()
png has virtually nil roads and everything is expensive, a hotel may be $500/night, fuel maybe $10-15 per litre depending on where you are
it would be a great thing to do if you had the cash though
It seems like something that Mr. Harada would attempt to obtain, or Paul Allen. In the least, get it out and over to Australia until it can find a permanent home.
More efforts need to be made to get the locals on board with the idea that these wrecks need to be moved out of the elements to preserve them before they are lost. They are not a permanent income source. The locals do deserve something fair in return, though.
Wed Dec 30, 2015 9:52 am
fiftycal wrote:justin taylan from pacificwrecks lobbies governments all over from the usa to png to make it extremely hard and expensive to recover aircraft, he tells people that after they are recovered the people recovering them just sell them for huge profits, its not really true because as explained above a wreck can cost a great deal of money to just recover and even then they are just usually striped out crashed rotten shells, they are just patterns and id's for the most part.
restored airworthy warbirds sell in the millions but they are not usually profitable when recovered from the jungle, for example a rebuilt/newbuilt set of P-40 ings without u/c will run about $600,000 at any shop that can do them, add $100k o/h engine, 80k prop if you can find one, a few hundred grand to rebuild the fuselage...there is not much room left in that.
i think jt just sees big numbers and gets jealous and uses the preservation angle to bs people and stirs up the natives.
he would tell natives a busted up wing rotting away is worth 500k then some restorer comes along to get it and natives will get insulted when he makes an offer.
there is a lot of interest in Japanese stuff but its really all about money, im sure if they were near civilization they would get restored.
Wed Dec 30, 2015 10:47 am
lmritger wrote:
The ROI angle is a fair one, fiftycal, and I apologize for not thanking you earlier for insight into the simple mechanical costs for retrieving something like this from such a remote location. As to JT (not Justin Timberlake, LOL) screwing up the works through lobbying efforts like you describe.....
I honestly don't get it. What possible benefit would he get from that, other than perhaps a power trip?
Lynn
Wed Dec 30, 2015 10:51 am