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Airplane Re-sale Value_Skybolt

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Jwhallon

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I have a question about why a well built, low time Skybolt would sell for less then the value of its parts and labor. Steve Jones has his 1997 Skybolt, 232 TTAF&E with a IO-540 for the low price of 40k! The engine alone seems it would be worth more. I have also seen Skybolts go for 30k-70k. Even 70K seems rather low considering parts and labor.Obviouslythis depends heavily on the quality of work, but assuming everything was perfect, I'd put his Skybolt in the 150k range. Maybe I'm missing something here. Are biplanes just not that valued these days? I'd love to get your thoughts.
Edited by: Jwhallon
 

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