Jumo 004 insurance value

but certainly not hundreds!

No one said there was. Truly rare is something like a Beardmore Tornado of the type used in R.101, only one or two in the world (Science Museum and an engine block at East Fortune, any one know of more?). The insurance on these would be much higher from a museum point of view than a Jumo 004. There are Jumo 004s in every country that has an Me 262, and then some. The UK, the USA, Australia, Czech Republic, Germany, there’s probably a few engines lurking about in Russia, maybe one (some) in France. Probably more out there, I don’t know exactly.

Stampinot, like I said earlier, get the museum you are loaning the engine to, to contact other museums for advice and to avoid headaches later on, make sure you get proper documentation from the museum clearly stating the terms of the loan agreement before you hand the engine over.

Is it possible to insure something that has been lent out and not in your care?

Surely it`s the museum you lend it to who have to provide the insurance isn`t it?

Pete

Is it possible to insure something that has been lent out and not in your care?

Found this one :http://www.planecheck.com/?ent=df&id=2812

Which gives a little direction maybe : wreckology item 10K

rusted hulk 15-20K

nice maybe potentially servicable 150K

Which is what I was saying. An insurance value is not an absolute value. If it were lost in a fire and had to be replaced, then the price asked for others would go up – perhaps to the levels I first suggested.

I dont know of many privately owned Jumo 004’s, nor are there many for sale!

Bruce

This is a value based on a demand for them that was based on acquiring engines for potential part donors or use. By the virtue of that people will pay a premium for an engine. It however doesnt mean that every Jumo has that value -it just means that customer demand at a time was recognised and people equated a value on that.
In terms of my favourite Ebay mantra i.e ‘something is worth what people are prepared to pay for it’ -it can work in reverse i.e people are not prepared to pay the asking price either ! Contacting a museum in terms of valuation isn’t a sure fire winner – they will base their valuation on known sales of the item .

My experience suggests they are both rare AND valuable. Take it or leave it!

Bruce

Rare doesnt always equate to valuable ! There is probably a very small number of people that want them and are prepared to pay large sums for them.

They are pretty rare you know! There are a few tens of them around, but certainly not hundreds!

I had a similar issue with the valuing of a genuine German WW2 aircraft once – went to auction houses, which gave a reasonable value, but with the caveat that the intrinsic value of an object like this is that it will change from time to time depending on a number of factors, like (for example) old paintings – their worth doesn’t stay the same over time. Being of the provenance the Jumos are, they are of more value to a dedicated collector than to others, so for insurance purposes, their value would be a whole lot more.

Essentially, I was advised that despite the aircraft’s provenance (and rarity) it is just scrap metal at the end of the day. Since the Jumo is going to a museum, why not get them to do some research? If the museum especially wants the Jumo, get them to find a figure based on the museum’s own collection. Get them to contact the Science Museum and the RAF Museum for starters. If you did it, you might not come away with an answer, museums don’t like offering valuations to the public.

Another thing that might count against Jumo 004s is that they are not all that rare, so the larger the number of an object in museum collections about the place, the lower the value.

They were total wrecks from what I remember.

Remember an insurance value will be rather higher than what you can buy a comparable engine for.

Bruce

the new england air museum was asking 30k us for 2 1/2 engines they sold fast. so there a current dollar amount. that puts them at around 15000 per engine or so. us dollars

I bought a Jumo 004 in Italy for a client back in 05 or so. I just cant remember what was paid, but it wasnt cheap!!

Only one I could find was a reference here,

http://www.ww2aircraft.net/forum/aviation/me-262-jumo-004-engine-sale-14289.html

Perhaps register on the site and ask the owner if he is still registered what it went for back in 20O8.

Did any such engine been sold. How to put value on those engine? Any comparaison?

Thank you very much to give me a estimate.

Cheers

Nowhere near; if it’s as good as you say, it could be 150K plus.