Mustang N5416V (Ken Scholz) to be auctioned

[marine air]

My guess is $550k to $750k. Someone will get too excited, believe it is in much better shape than it is and pay too much.

[Scott Rose]

Time to start a kickstarter campaign?

[Dave Hadfield]

The value is dependent on the quality of the metal, as long as there isn't another factor involved in its provenance like a famous role somewhere, or owned by a famous person.

It'll need a 0-time engine. That's $120K. And a 0-time prop. That could be as much as $50K. And most of the instruments will be out of date or unserviceable.

Anything with an O-ring or a seal in it will have to come apart, be repaired, and re-installed (fuel system, engine accessories, hydraulics, brakes, gear, flaps, radiators, pumps). Much of the electrical wiring will probably be shot. That adds up quick at shop rates. Or trade for certified -- at a discount of course -- if you want a faster completion.

But the big deal is the metal. If the wing has to come off and be re-sparred, or the fuselage frames where the engine-bearers attach, that's a big deal.

So you do a Survey, you come up with a list, you deduct that from market value, and then you have a ball-park of what you should limit yourself to offer at the auction.

On the bright side, being stored in California indoors will lessen the rate of corrosion. (As long as birds didn't nest above it.)

Dave

[Kyleb]

The value is dependent on the quality of the metal, as long as there isn't another factor involved in its provenance like a famous role somewhere, or owned by a famous person.

It'll need a 0-time engine. That's $120K. And a 0-time prop. That could be as much as $50K. And most of the instruments will be out of date or unserviceable.

Anything with an O-ring or a seal in it will have to come apart, be repaired, and re-installed (fuel system, engine accessories, hydraulics, brakes, gear, flaps, radiators, pumps). Much of the electrical wiring will probably be shot. That adds up quick at shop rates. Or trade for certified -- at a discount of course -- if you want a faster completion.

But the big deal is the metal. If the wing has to come off and be re-sparred, or the fuselage frames where the engine-bearers attach, that's a big deal.

So you do a Survey, you come up with a list, you deduct that from market value, and then you have a ball-park of what you should limit yourself to offer at the auction.

On the bright side, being stored in California indoors will lessen the rate of corrosion. (As long as birds didn't nest above it.)

Dave

All true, but even if the metal appears good, how much faith do you have in 70 year old fuselage stringers, spar caps, and the like? NAA built great airplanes, but I'm not sure they came with a 70+ year warrantee for intergranular corrosion... I keep reading stories where *pristine* 70 year old airplanes are opened up and aren't nearly as pristine as the external skins made the owners believe.

[Warbirdnerd]

Lots of new pics posted here:
https://m.flickr.com/#/photos/phantomph ... 768261676/

[eallen]

Some familiar folks in those pics...

[Lon Moer]

All those wiring bundles look pretty crunchy to me.

[Chris Brame]

Online bidding starts at 10 AM today and ends at 10 AM Thursday (PDT). Warm up your Platinum Cards.

[makin' boost]

Is there anyway to track the bidding or get the results ?

[Warbirdnerd]

Yep-
290K so far.
Found it here:
http://www.cwsauctions.com/lots/1211332/detail

[Warbirdnerd]

$360K now. Being able see full usernames of bidder is sweet. Last time you could do that on eBay was when PA was bidding on his Me-163 motor...

[Chris Brame]

$360K...
edit: Jinx!

[makin' boost]

Thank you, ..................

[ZRX61]

Now there are two guys nickel & dimeing it with $250 increases when there's still a day & a half to go. No point in bidding until the last 5 minutes.

[pilot06]

Any WIX'ers in IL? MegaMillons hit last night, one winner. Second chance tonight for you PowerBallers.