marine air wrote:
I looked Mr Allen up on wikipedia. He was a stellar businessman and really one of a kind. He leaves a huge unfillable hole in the warbird movement and no doubt other areas he had interests such as undersea exploration, art collecting, etc. He was the standard bearer for acquiring and restoring items to the highest level or restoration imaginable. (Other shops also are at that level.
All that to say, what is the ambition of the executors of his estate and the heirs? Sell the projects as they have no interest in pouring out more money ? Keep the most valuable and scarce items or just sell as people approach them with the interest and ability to buy some of the items. We don't know their strategy. I think it's okay for the them to trim the collection and get costs to a more palatable loss each year. A lot of the aircraft , like the IL-2 go really well with the exhibits and collection of tanks and artillery.
I wish them well. As an enthusiast I would like to see the FW-189 sold and restored in Germany to flying condition. It's a remarkable design. Most of the remaining aircraft are above my price range. It seems okay to sell some of the projects that were never going to be finished and free up some hangar space .
From published reports, Paul Allen's sole executor and trustee of his estate is his sister Jody Allen. Mr. Allen had no wife, no offspring and it appears that Jody was the sole remaining member of the Allen family. Jody has basically shut down every single endeavor that Allen owned, with the only exceptions being the Seattle Seahawks and the Portland Trailblazzers sports teams. Among the organizations under the Vulcan, Inc umbrella, included the following:
Flying Heritage & Combat Armor Museum
Living Computers: Museum + Labs
Museum of Pop Culture
Seattle Art Fair
Seattle Cinerama
Upstream Music Fest + Summit
All of these are now gone.
The ironic thing is that Jody Allen released a statement after her brother's death, indicating her intentions:
https://tinyurl.com/pbkhzswIn the above link, Jody Allen states:
"I have been given the great responsibility to steward Paul’s wealth in service of his vision for the future. I will do all that I can to ensure that Paul’s vision is realized, not just for years, but for generations. Paul sought solutions to some of the world’s toughest problems, to celebrate the range of human expression, and to implement programs that effect positive global and local outcomes. While the loss of Paul is overwhelming, I am dedicated to preserving and implementing Paul’s vision. Paul made the world a better place. Through Paul’s generosity, and with the help and support of Paul’s friends, partners and colleagues, the future will be even better. Paul’s light shall continue to shine."So far, her actions are in complete contradiction to her published press release statement. She has shut down virtually everything except the Sports teams.
My interpretation and opinion of what we can expect in the future:I have several friends who are former Vulcan employees, involved on the flying/Museum side of things. All of them have told me, without exception, it was their belief that all of Mr. Allen's aviation assets, including FHCAM, would be liquidated, sold, donated, or otherwise disposed of. Apparently Jody Allen is not a fan at all of her brother's museum work and is looking to dissolve everything on the museum front. She is an astute businesswoman and is all about numbers, profitability and financial viability. Even before Mr. Allen's death, FHCAM was a losing proposition economically. Mr. Allen had to infuse massive amounts of money just to keep the museum operations going. It was never a "standalone" self-sufficient, profitable operation. Now, with FHCAM closed, and the estate still paying rent to Paine airport, FHCAM is a bottomless money pit. It would make sense that she would offload that entire liability since it's not generating income and is not furthering the goals of how she envisions Vulcan, Inc. should be executed.
By the way, she has an interesting "reputation" among former Vulcan employees - I'll just leave it at that.
I believe all of Mr. Allen's former aviation endeavors, including FHCAM, are finished. With that being said, we have to look forward to one of the greatest aviation collection "sell-off's" in the history of the warbird movement. It will give other collectors/museums the possibility to finish some of the extremely rare restorations that were not completed and give many other opportunities for the former FHCAM aircraft to be enjoyed by people outside of Seattle.
It is my opinion that FHCAM will cease to exist and all of the aircraft will be disposed of. We are just now seeing the beginning of this with these first few aircraft being offered for sale. Expect a lot more in the future.