RCU Forums - View Single Post - How to identify and value inherited planes?
Old 05-12-2010 | 11:36 PM
  #5  
Campgems
Senior Member
 
Joined: Feb 2006
Posts: 4,465
Likes: 0
Received 2 Likes on 2 Posts
From: Arroyo Grande, CA
Default RE: How to identify and value inherited planes?

Jerry, this isn't gong to be what you want to hear, but it is the sad facts. First, planes will fetch more locally than on line. Engines and equipment will fetch more on line than locally.

A lot of the value depends on the age of the equipment and planes. Honestly, there is not much value in used planes and equipment. A couple times a year, our club gets a call from an ex member, or a relative thatwould like to sell our members their old planes, or in some cases donate them to the club so someone could use them. Our club will list the items for sale on our web site, but we have not had a good historyin moving the planes and equipment that way.

Condition is a major issue.I picked up a "donated to the club" at auction, Patty Wagstaff Extra with a O.S. Gemini 300FT engine and all electronics for $325. It would have cost at least a$1500 more tobuy it new, but I'm not sure I got such a good deal as the airframe needs major repairs, and the engine is in need ofwork also. Throw in some modifications tothe airframe by the previous owner, and well, it may have been a wash on value.

Not to try to discourage you, but this is a caseof"Seller be Ware" Do a lot of research on the equipment and planes you have. Be very criticalof condition. Realize that planes have a very limited value as 1. they are impossible to ship, and 2. it is very difficult to tell what is under the coveringin reference to structural condition. Your inheritance has some value. Don't give it away, but realize that you will not get more than 20% of replacement value from it at best, unless you are very lucky. or the stuff is very current items.

My suggestion is todetermine whatyou haveand the do somesell price comparisons on Ebay and here on RC universe. It may be in your interest tobreak down the planes to engine, electronics and airframe and sell them separately. The airframe may end up in the junk. Ihave a donated Royal Kit Cessna 182 that was builtseveral years back., but never flown. Age wasn't kind to it. Iremoved the radio equipment and engine from the plane. The Radioequipment was just sold to a collector for shipping cost anda couplebucks as it was on frequency's no longer legal in the US.. The engine and the plane willbe putup for sale at our fun fly and Swap meet next weekend.If we are lucky, we may get 5% of whatan unbuilt kitwould bring for what wehave.

Hobby items are of greatest value to the original owner, collector, and then to the rest of us in that order. Do a lot of researchon the items you have anddon't give them away, butalso don't expectvery much for them unless you wishto dismantle and sell by thepiece.

Good luck in yourproject.

Don