How to valuate a collection of airplanes

Morgan3820

Morgan3820

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A realtor friend of mine who knows nothing about small planes, has asked me to help him valuate an estate sale of real property and hanger on a private airstrip. I have not seen this place yet or any of the aircraft but I’m told there are four in a hanger. Two of them are crop dusters. The estate people want to sell as a package, not piecemeal. Any ideas on what kind of answer I should give him. Is Vref of any help.
 
All the crop dusters I know that aren’t flying regularly aren’t worth squat. They get rode hard and put away wet. But man, it’s hard to tell. Might be worth a bundle or might have to pay someone to haul the junk away.

selling in whole is going to mean getting scrap value IMO.
 
What kind of cropdusters ? There is a difference in value between a Pawnee and a turbine thrush or ATx02.

Where is that collection located (roughly) ?
 
weilke said:
What kind of cropdusters ? There is a difference in value between a Pawnee and a turbine thrush or ATx02
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I do not know. Will find out Friday. He said One of them was a beechcraft but then he also said the other one was a Cessna 100 so like I said he really doesn’t now.
 
Morgan3820 said:
Any ideas on what kind of answer I should give him.
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timrb said:
Tell your friend to stop being a cheapskate and hire a professional.
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^^^^^This. Provided they are working aircraft. If it turns out to be nothing but rotting hulks then perhaps a call to a cropduster association to get more input and a direction to follow. But without more info can't offer anything else.

Salty said:
All the crop dusters I know that aren’t flying regularly aren’t worth squat. They get rode hard and put away wet.
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I guess you've been away from the dusting side of things for a while. Last March I researched engines for 4 mothballed dusters going through a firefighting conversion. The value of the aircraft is in the $3M range.
 
Bell206 said:
^^^^^This. Provided they are working aircraft. If it turns out to be nothing but rotting hulks then perhaps a call to a cropduster association to get more input and a direction to follow. But without more info can't offer anything else.


I guess you've been away from the dusting side of things for a while. Last March I researched engines for 4 mothballed dusters going through a firefighting conversion. The value of the aircraft is in the $3M range.
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All depends what kind of planes they are. Total crapshoot.
 
Zeldman said:
What if one of the crop dusters is a converted B-17.??
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More likely for a B17 to have a chem trail conversion. Part of the FAA medical initiative at airshows. You can find the details in the special access forum.
 
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