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Lorn H. Olsen wrote:
Wow. Our prices must have gone up. I find it hard to believe. The aircraft had the hard struts, no autopilot, not many radios, the original trim system and an engine with a questionable history. It also had major damage to all 4 wings. I have seen planes with $50,000 more worth of radios not able to sell for $60,000.
That is the power of good salesmanship for you. The plane had state of the art Terra radios, not ancient Kings designed in the early 80's. It had the true and tried original gear, not the latest untried whiz band things people are putting on their planes these days. Ditto for the trim. The engine had the improved dual mags which should be more cost effective than having two mags. It did not have the additional weight of an autopilot -- if you don't want to actually fly the airplane, the why buy it? And if you know anything about composite airplanes, you know that they can be repaired to the original state so damage history is not relevant in composite airplanes.
Then there is the perception that at auction things always sell at a discount. Find two people who lack knowledge or understanding of the issues, convince them of all of the above and you have a great day for the seller. Good for the seller. A fair price is what a buyer is willing to pay and a seller is willing to accept. Don't confuse fair price with value.
Hamid
P.S. Just to clarify so that no one misunderstands it, the above was my impersonation of a good salesman; finding positives in situations which may otherwise be considered negative. It is not meant to imply that anything of the sort was said by the seller of the above airplane.
P.P.S. And don't forget that this engine may be subject to a recent Lycoming AD that affects almost all -D series engines overhauled over a period of time.
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