Friend is well aware of the listings on ebay. That's also where he got the engine in the first place. I'd guess that the ones listed there are not in flyable condition either, and my not be operable. His is completely restored and runs very nicely, although not legal for flight operations. Might go pretty nicely on an airboat?
Anyway, still have some inquiries out looking for a knowledgeable appraiser.
I'd go with the core value, because it's not airworthy and prolly needs to be majored before flying it.
That's an appropriate answer, assuming a willing buyer would want to fly it. I can't help wondering, though, if there aren't two or more collectors who would pay more than core value for an example in running condition. If so, a bidding war could push the value up. I'd be one if I had the space for it, and the money to keep it runnable.
If there's an appraiser familar with the collectibles market for such, it might be worth getting an auction estimate.
So I’ve got a good friend who bought an old rusty B17 engine on eBay a number of years ago. He put a lot of time into it, took it all apart, scrounged around for parts as needed and ended up with a very nicely restored working engine. Not technically airworthy since many of the parts he used worked well and were in nice clean condition but never yellow tagged, so not legally airworthy. He has kept it in his country house upstate NY, and many summers he would pull it out of his barn (air conditioned and heated barn), have many friends over for a BBQ and would start up the engine and run it for a while.
Now he’s in the process of selling the house and will be donating the engine to a museum. The museum will provide him with a letter confirming the donation, but will not attach a value to the donation.
So, for tax purposes he needs to obtain an appraisal of the engine’s value.
Naturally, AVSIG is the place I turn to for suggestions as to people or appraisers who might be able to help him out.
Anyone have any suggestions?
Thanks,
Andy
I'd go with the core value, because it's not airworthy and prolly needs to be majored before flying it.
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