John Parish with his 1952 Beechcraft, purchased for $15,000 in 1973.
Jason Meyers
Have you always hankered after a vintage-airplane collection? It’s a buyer’s market for many models at the moment, the ideal time to get started. “You’ve got a lot of guys who collect who are in their 70s and 80s, and they’re getting rid of their collections,” says Brent Taylor, president of the Antique Airplane Association in Blakesburg, Iowa.
Taylor’s nonprofit organization has 6,500 members and is internationally known as an antique- and classic-aircraft information clearinghouse. He and his staff routinely advise would-be buyers on technical collecting issues like airframes and engines, parts, insurance, and finding knowledgeable mechanics and instructors. Annual membership is just $45; the advice is free.
Unless you are chasing warbirds–typically worth $1 million and up–you do not need a fortune to get into the aircraft-collecting game (see Barrons.com for related story). There are plenty of available aircraft in the $20,000-to-$40,000 range, including Ercoupes, Luscombes, and Stinsons. While a pristinely restored World War II German Messerschmitt ME 109 fighter will cost you upward of $7 million, most collectors start small and simple, “like a 1940s vintage Piper Cub, a Taylorcraft, or an Aeronca Champ,”
Article source: http://www.barrons.com/articles/its-the-right-time-to-buy-a-vintage-airplane-1497660274
