Announcement

Collapse
No announcement yet.

Asking $2.5 for a Spit. A record ?

Collapse
X
Collapse
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
  • Filter
  • Time
  • Show
Clear All
new posts
  • Propstrike
    Rank 5 Registered User
    • Mar 2004
    • 3947

    Asking $2.5 for a Spit. A record ?

    Platinum have MH415 on the market. Will this be a record-breaking price if it goes ahead ?

    Compared to classic cars, you could make a case that vintage aeroplanes are undervalued, as prices for cars go to tens of millions.
    I guess a MK IX, with combat history and a movie star is about as good as it gets.

    http://www.platinumfighters.com/#!spitfire-mh415/c12uh

    ( NB Cannot amend title to say million ! )
  • mmitch
    Member
    • Mar 2003
    • 1744

    #2
    If it hasn't flown for 40 years it will need considerable work (and money) to bring it back to airworthy standard?
    Connie Edwards has been quoted as saying the price asked is what he wants.
    I wonder if a prospective customer with $3M burning a hole in his pocket would be prepared to wait (perhaps for a year?) when a flyer might be available now for around the same price?
    mmitch.

    Comment

    • David Burke
      Rank 5 Registered User
      • Jan 2000
      • 10015

      #3
      No its not a record -I should imagine the various MK.1's fetch quite a bit more.

      Comment

      • Sabrejet
        Rank 5 Registered User
        • Mar 2010
        • 1698

        #4
        As for cars (automobiles), originality is often a factor: I suspect Connie Edwards' aircraft would render a higher price if so.

        Comment

        • Mike J
          Senior Member
          • Jan 2000
          • 3241

          #5
          I keep hearing this 'barn find' and 'original conditional' thing about the Connie Edwards aircraft. They are 'original 1970s', not 'original 1940s'.

          Comment

          • ozplane
            Rank 5 Registered User
            • Mar 2004
            • 1620

            #6
            Weren't they asking 2.4 million POUNDS, not dollars, for one of the Spitfire 1 rebuilds?

            Comment

            • Tim Hart
              Rank 5 Registered User
              • May 2012
              • 37

              #7
              I agree Mike J, how can they be a "barn find", presumably Connie Edwards knew exactly where they were all the time they were in his possession and as for original condition, I dont think so!!!!

              Happy Christmas

              Comment

              • Stepwilk
                Rank 5 Registered User
                • Sep 2010
                • 664

                #8
                Compared to classic cars, you could make a case that vintage aeroplanes are undervalued, as prices for cars go to tens of millions.
                Actually, they aren't undervalued compared to cars. Classic and vintage cars are valuable because they have verifiable provenance. If you put together a 1750 Alfa, say, from bitsas and fabricated parts, you'd have what the cars guys call a replica.

                Comment

                • WebPilot
                  Rank 5 Registered User
                  • Jan 2000
                  • 1898

                  #9
                  Its nothing to do with verifiable provenance, its all about the market. There are fewer people able and willing to buy a Spitfire than there are buying vintage cars, plus owning a Spitfire comes with hefty fixed costs and obligations. Thus the market value is what it is.

                  Comment

                  • nibb100
                    Rank 5 Registered User
                    • Sep 2006
                    • 345

                    #10
                    dread to think what the back to flight costs would be

                    Comment

                    • charliehunt
                      Nearly there!
                      • Oct 2012
                      • 11459

                      #11
                      As a keenly interested onlooker I bow to the expert opinion here but was also going to make the same observation WebPilot has. In a free market it is that, the market, which is the final arbiter of the price of an article from a classic aircraft to a pushbike.
                      Charlie

                      Keep smiling - it's never as bad as you think!!

                      Comment

                      • trumper
                        Rank 5 Registered User
                        • Aug 2003
                        • 6650

                        #12
                        How many of these Spitfires have been on the market for quite a while and haven't sold.Something is only worth what someone can pay for it.

                        Comment

                        • WebPilot
                          Rank 5 Registered User
                          • Jan 2000
                          • 1898

                          #13
                          That said....provenance does add to the marketability and thus the value. The current range for Spitfire values is roughly 1m - 2m, with earlier machines with combat history at the top end of the range, while Griffon engined and later machines are further down the scale. As Trumper says, some have been up for sale for a while which reflects the small number of potential buyers and the costs involved.
                          Last edited by WebPilot; 11th December 2014, 16:49.

                          Comment

                          • charliehunt
                            Nearly there!
                            • Oct 2012
                            • 11459

                            #14
                            His last sentence says it all.
                            Charlie

                            Keep smiling - it's never as bad as you think!!

                            Comment

                            • Fournier Boy
                              Rank 5 Registered User
                              • Mar 2007
                              • 1024

                              #15
                              There's a P51 up for sale for 650,000 on afors.

                              Comment

                              • Propstrike
                                Rank 5 Registered User
                                • Mar 2004
                                • 3947

                                #16
                                Originally posted by Fournier Boy View Post
                                There's a P51 up for sale for 650,000 on afors.
                                I saw that. Very cheap..... two million dollars would be more expected.

                                Afors have been troubled by a lot of scam adverts recently. Just saying.

                                Comment

                                • Sabrejet
                                  Rank 5 Registered User
                                  • Mar 2010
                                  • 1698

                                  #17
                                  Going back to the auto comparison, I suspect that the 'car vs aircraft' disparity is much akin to the 'race car vs road car' disparity in auto valuations. Thus, a GTO will always fetch more than a Porsche 917, because despite the latter being a far more successful race car, you can drive your GTO to the shops.

                                  (and yes I know there has been at least one 917 road car, but the point is well made I think.)

                                  Comment

                                  • Kenneth
                                    Rank 5 Registered User
                                    • Jan 2000
                                    • 969

                                    #18
                                    Originally posted by Stepwilk View Post
                                    Actually, they aren't undervalued compared to cars. Classic and vintage cars are valuable because they have verifiable provenance. If you put together a 1750 Alfa, say, from bitsas and fabricated parts, you'd have what the cars guys call a replica.
                                    I'd venture that there is much more demand - and hence higher prices - for vintage cars, because

                                    - anyone can drive a vintage car and walk away from the experience alive without any further training
                                    - you can keep it/them at home, and relatively little space is required
                                    - hardly any red tape involved with operating a car

                                    Cars are just so much more accessible and practical.
                                    The Largest German-Language Aviation Forum on the Internet

                                    Comment

                                    • mike currill
                                      Big pistons rule
                                      • Jul 2003
                                      • 8791

                                      #19
                                      And if you are so inclined you can take the other half shopping in a classic car. A slightly more difficult proposition in a classic aircraft unless you know a supermarket attached to an airfield.
                                      The mind once expanded by a new idea never returns to its original size.

                                      Comment

                                      • Stepwilk
                                        Rank 5 Registered User
                                        • Sep 2010
                                        • 664

                                        #20
                                        - anyone can drive a vintage car and walk away from the experience alive without any further training
                                        - you can keep it/them at home, and relatively little space is required
                                        - hardly any red tape involved with operating a car

                                        Cars are just so much more accessible and practical.
                                        ]

                                        These are not the reasons why people bay $35 to $50 million for vintage cars. Not even close.

                                        Comment

                                        Unconfigured Ad Widget

                                        Collapse

                                         

                                        Working...
                                        X