WIX Archives

Re: I´m beginning to understand ..market values

Posted by PeterA on Thu Oct 24, 2002 06:00:44 PM

In reply top Re: I´m beginning to understand ...... posted by Christer on Thu Oct 24, 2002 08:17:38 AM

Christer,
Just a little confusion with the interpretation.
The limited number of airworthy Spitfires that come on to the market place in any one time will sell at the current market value assuming they are not distress sales. My point was that quite a few restorations have over run estimates of budget and timing and in the end had more money sunk into them than the then current market value.
Peter


: : You ask why do owners sell under cost. Who says so?
:
: Well, actually You suggested that in Your post at the top
: of the thread, I quote:
:
: There is no cost saving building new rather than restoring
: . Indeed the best advice has always been that the cheapest
: route to owning/flying a Spitfire is buy an airworthy exa
: mple.
:
: Unquote
:
: Maybe it was wrong to interpret what You said as I did?
:
: Christer

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