WIX Archives

I´m beginning to understand ......

Posted by Christer on Wed Oct 23, 2002 06:36:31 PM

In reply top Re: I don´t understand ...... posted by PeterA on Wed Oct 23, 2002 05:50:21 PM

: Well to purchase an airworthy Spitfire/Mustang is a massi
: ve slug of money in one hit. The next tier down the wealth
: scale are those that could fund a project over say three
: years. There is also the under estimation factor of how mu
: ch and how long it will take.
: If all the principal sheet metal was completed on a Spitfi
: re and it was sitting on its gear with the engine just res
: ting on the bearers, wind screen and canopy just in positi
: on, it would look fabulous but you would be at the 45-50%
: mark. The under estimation is in the systems, the system a
: nd the systems!
: As a tongue in cheek rule of thumb I usually say it will e
: xceed cost and timing by a factor of 2.4 x the number of t
: he initial estimate of the potential purchaser.
: In the earlier years gone by these gross under estimates w
: ere salvaged by the increase in values over the build peri
: od. The plateau of values since the early 1990's does inde
: ed mean that some parties have more money in these project
: s than could be realised in a sale - if that is important.
: For most probably not.
:
: : ...... why someone would sell a rebuilt warbird at a pri
: ce
: : lower than the actual cost?
: :
: : Does the owner forget about maths in the process or what
: ?
: :
: : Please, enlighten me!
: :
: : Christer

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