3 Spitfires on IOW… – Key Publishing

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By: Trolly Aux - 1st August 2013 at 06:25

D’oh. my mistake. thank you for the clarification. eas years ago.

TA

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By: mackerel - 31st July 2013 at 23:52

Trolly Aux, Hangar 11 dont own BS410. It is owned by Devon a businessman. PT879 is Hangar 11’s !

Steve”P”

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By: Propstrike - 31st July 2013 at 14:05

There is already a two-tier pricing structure in place for Spitfires. Just look at Platinum Fighter Sales’ website. They are offering an older restoration of a Mk IX Spitfire, done 25 years ago and with some 350 hours on both engine and airframe since restoration, for $3.4m. Around $2.2m will get you a recently-restored Mk XVIII, with less than 5 years and 50 hours since restoration.

Evidently there is even ‘Spitfire snobbery’ within the Spitfire community.

Snobbery ? Some marks are perceived as more desirable than other for reasons such as historical significance or handling qualities, and to make that distinction does not merit disdain , disapproval or censure.

Nobody is being deceived by airframes on offer and their individual history. All information is ‘out there’ , what is what and where it came from, and nobody will spend seven figure sums and not know what it is they are buying into.

We seem to harbour a core of individuals who almost wish the ‘Spitfire restoration industry’ would shut down, pack up and disappear. Quite odd.

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By: Trolly Aux - 31st July 2013 at 13:41

I often wonder what price would be put on MH434 if it ever came up for sale. It has a wonderfull post war history. Good news on the Hangar 11 BS410/G-TCHI I last see it in bits many years ago, lots of usable parts in that one.

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By: Mike J - 31st July 2013 at 13:00

There is already a two-tier pricing structure in place for Spitfires. Just look at Platinum Fighter Sales’ website. They are offering an older restoration of a Mk IX Spitfire, done 25 years ago and with some 350 hours on both engine and airframe since restoration, for $3.4m. Around $2.2m will get you a recently-restored Mk XVIII, with less than 5 years and 50 hours since restoration.

Less than 2/3 the price for arguably a better airframe/engine combination, but without the cachet of being a wartime Mk IX with combat history.

Just look at all the ‘data-plate specials’ being knocked out these days, they are almost all Merlin-engined marks, and yet quite a few Griffon-engined projects have been lying fallow for decades.

Evidently there is even ‘Spitfire snobbery’ within the Spitfire community.

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By: alertken - 31st July 2013 at 12:23

Glut

#2, ibf: I suggest, quite the reverse. As more folk enjoy the exquisite pain of seeking to park the odd million, some will find their way to a warbird. Few will be unique, unlike Tracy Emin’s bed, and will be dearer to own, but will never be fad-fashionable rubbish. Replica business has been confined to types either extinct or with no Design Record, because the cost of a replica would be comparable to that of a “restoration”. But when the last Mustang/ Spitfire/Hurricane/Merlin data plate has been bolted onto new-build parts, two-tier pricing will emerge: £1Mn. for a replica, >£1Mn. for an “original”. Not a pseudo (Caterham 7) but new-build faithful clone…actually as recent resurrections from very dead. 300 million middle class Indians, same Chinese (each predicted within a decade), will include a couple of dozen each, willing to pay a lot for a new build…anything – LaGG, MiG, FW190, Tempest.

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By: jack windsor - 31st July 2013 at 10:35

Jack, if you look at VMI engineering website you can read all about EE602.

Steve”P”

By: 1batfastard - 30th July 2013 at 19:58

Hi All,
jack Windsor With the recent influx of airworthy spits plus those mentioned on the I.O.W.,will those being restored to Airworthiness elsewhere reduce the price of those already on the mkt ? in fact with all restoration builds no matter what aircraft (WWII Fighters in particular) in view of recent advertisements would it reduce the price as there seems to be a forthcoming glut of airworthy airframes to choose from ?

Geoff.:D