AOPA Pilot Magazine - July 2012 - 35
expensive crankshaft airworthiness directive that was as yet undone. A restored Champ sold for $24,000, an RV–8 went for $90,000— also with an unaddressed crankshaft AD—and an Experimental Pitts S–1S sold for $37,000. More expensive and exotic aircraft seemed to sell at or below their market values, although the airplanes are so rare there are few comparable sales. A Gee Bee Senior Sportster sold for $95,000, and the Spartan Executive went for $325,000. A well-stocked open bar may have increased bidders’ willingness to spend freely, and a catered lunch added to the first-class feel of the event. But those features had no influence whatsoever on buyers such as Rick Gray, an award-winning aircraft builder and pilot from Ohio who was absolutely intent on buying a red, single-seat Pitts. He had researched the airplane, talked to the builder, and even took out an insurance policy so that he could fly the airplane home as soon as the auction ended. “I’m going home with this airplane,” he said before the bidding started, “even if I have to pay more than it’s worth.” Gray said that he knew he had “target fixation” even hours before the auction started, but he wanted the airplane for personal reasons. True to his word, Gray started the bidding and didn’t back off until he purchased it for $37,000. Starman, the auctioneer, said his business does well in good economic times because he collects a percentage of the total revenue and high prices mean larger commissions. And he does well in bad times because there are more liquidations and more auctions to perform. Unlike art or automobile auctions in which it’s common for buyers to bid remotely or via proxies, Starman said buyers tend to show up in person at aviation auctions. “Buyers have to be here to assess the quality of each aircraft and know what they’re getting,” he said. “The people who come to the auctions are the real buyers. Looking at digital pictures, even good ones, just doesn’t cut it.” AOPA
EMAIL dave.hirschman@aopa.org
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www.aopa.org/pilot AOPA PILOT | 35
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AOPA Pilot Magazine - July 2012
Table of Contents for the Digital Edition of AOPA Pilot Magazine - July 2012
AOPA Pilot Magazine - July 2012
Contents
President's Position
Visual Approach
Letters
Waypoints
Proficient Pilot
Safety Pilot
License to Learn
Pilot Counsel
Fly Well
Sailing in With a Splash
Still Training After All These Years
Going, Going, Gone
Fly-Outs
Pilot Products
Test Pilot
New Weekly Aviation
Quick Look
Turbine Profile
The Piper Meridian
Single-Pilot Jet
Epic Flight: Natural Wonder
The Golden Maule
Parts of the Puzzle
Reaching the Summit
AERO Fever
That Thing Up Front
Technique
Wx Watch
Never Again
Avionics
State And Local Action
Member Products
AOPA Insurance Agency
AOPA Foundation
Fly by Wire
Pilots
AOPA Pilot Magazine - July 2012 - AOPA Pilot Magazine - July 2012
AOPA Pilot Magazine - July 2012 - Cover2
AOPA Pilot Magazine - July 2012 - Contents
AOPA Pilot Magazine - July 2012 - 2
AOPA Pilot Magazine - July 2012 - 3
AOPA Pilot Magazine - July 2012 - President's Position
AOPA Pilot Magazine - July 2012 - 5
AOPA Pilot Magazine - July 2012 - 6
AOPA Pilot Magazine - July 2012 - 7
AOPA Pilot Magazine - July 2012 - 8
AOPA Pilot Magazine - July 2012 - 9
AOPA Pilot Magazine - July 2012 - Visual Approach
AOPA Pilot Magazine - July 2012 - 11
AOPA Pilot Magazine - July 2012 - Letters
AOPA Pilot Magazine - July 2012 - 13
AOPA Pilot Magazine - July 2012 - 14
AOPA Pilot Magazine - July 2012 - 15
AOPA Pilot Magazine - July 2012 - Waypoints
AOPA Pilot Magazine - July 2012 - 17
AOPA Pilot Magazine - July 2012 - Proficient Pilot
AOPA Pilot Magazine - July 2012 - 19
AOPA Pilot Magazine - July 2012 - Safety Pilot
AOPA Pilot Magazine - July 2012 - 21
AOPA Pilot Magazine - July 2012 - License to Learn
AOPA Pilot Magazine - July 2012 - 23
AOPA Pilot Magazine - July 2012 - Pilot Counsel
AOPA Pilot Magazine - July 2012 - 25
AOPA Pilot Magazine - July 2012 - Fly Well
AOPA Pilot Magazine - July 2012 - 27
AOPA Pilot Magazine - July 2012 - 28
AOPA Pilot Magazine - July 2012 - 29
AOPA Pilot Magazine - July 2012 - Sailing in With a Splash
AOPA Pilot Magazine - July 2012 - 31
AOPA Pilot Magazine - July 2012 - Still Training After All These Years
AOPA Pilot Magazine - July 2012 - 33
AOPA Pilot Magazine - July 2012 - Going, Going, Gone
AOPA Pilot Magazine - July 2012 - 35
AOPA Pilot Magazine - July 2012 - Fly-Outs
AOPA Pilot Magazine - July 2012 - 37
AOPA Pilot Magazine - July 2012 - Pilot Products
AOPA Pilot Magazine - July 2012 - 39
AOPA Pilot Magazine - July 2012 - 40
AOPA Pilot Magazine - July 2012 - 41
AOPA Pilot Magazine - July 2012 - 42
AOPA Pilot Magazine - July 2012 - 43
AOPA Pilot Magazine - July 2012 - Test Pilot
AOPA Pilot Magazine - July 2012 - 45
AOPA Pilot Magazine - July 2012 - New Weekly Aviation
AOPA Pilot Magazine - July 2012 - 47
AOPA Pilot Magazine - July 2012 - 48
AOPA Pilot Magazine - July 2012 - I1
AOPA Pilot Magazine - July 2012 - I2
AOPA Pilot Magazine - July 2012 - 49
AOPA Pilot Magazine - July 2012 - Epic Flight: Natural Wonder
AOPA Pilot Magazine - July 2012 - 51
AOPA Pilot Magazine - July 2012 - 52
AOPA Pilot Magazine - July 2012 - 53
AOPA Pilot Magazine - July 2012 - 54
AOPA Pilot Magazine - July 2012 - 55
AOPA Pilot Magazine - July 2012 - 56
AOPA Pilot Magazine - July 2012 - 57
AOPA Pilot Magazine - July 2012 - The Golden Maule
AOPA Pilot Magazine - July 2012 - 59
AOPA Pilot Magazine - July 2012 - 60
AOPA Pilot Magazine - July 2012 - 61
AOPA Pilot Magazine - July 2012 - 62
AOPA Pilot Magazine - July 2012 - 63
AOPA Pilot Magazine - July 2012 - 64
AOPA Pilot Magazine - July 2012 - 65
AOPA Pilot Magazine - July 2012 - Parts of the Puzzle
AOPA Pilot Magazine - July 2012 - 67
AOPA Pilot Magazine - July 2012 - 68
AOPA Pilot Magazine - July 2012 - 69
AOPA Pilot Magazine - July 2012 - 70
AOPA Pilot Magazine - July 2012 - 71
AOPA Pilot Magazine - July 2012 - 72
AOPA Pilot Magazine - July 2012 - 73
AOPA Pilot Magazine - July 2012 - Reaching the Summit
AOPA Pilot Magazine - July 2012 - 75
AOPA Pilot Magazine - July 2012 - 76
AOPA Pilot Magazine - July 2012 - 77
AOPA Pilot Magazine - July 2012 - 78
AOPA Pilot Magazine - July 2012 - 79
AOPA Pilot Magazine - July 2012 - AERO Fever
AOPA Pilot Magazine - July 2012 - 81
AOPA Pilot Magazine - July 2012 - 82
AOPA Pilot Magazine - July 2012 - 83
AOPA Pilot Magazine - July 2012 - 84
AOPA Pilot Magazine - July 2012 - 85
AOPA Pilot Magazine - July 2012 - That Thing Up Front
AOPA Pilot Magazine - July 2012 - 87
AOPA Pilot Magazine - July 2012 - Technique
AOPA Pilot Magazine - July 2012 - 89
AOPA Pilot Magazine - July 2012 - 90
AOPA Pilot Magazine - July 2012 - 91
AOPA Pilot Magazine - July 2012 - Wx Watch
AOPA Pilot Magazine - July 2012 - 93
AOPA Pilot Magazine - July 2012 - Never Again
AOPA Pilot Magazine - July 2012 - 95
AOPA Pilot Magazine - July 2012 - 96
AOPA Pilot Magazine - July 2012 - Avionics
AOPA Pilot Magazine - July 2012 - 98
AOPA Pilot Magazine - July 2012 - 99
AOPA Pilot Magazine - July 2012 - State And Local Action
AOPA Pilot Magazine - July 2012 - 101
AOPA Pilot Magazine - July 2012 - Member Products
AOPA Pilot Magazine - July 2012 - 103
AOPA Pilot Magazine - July 2012 - AOPA Insurance Agency
AOPA Pilot Magazine - July 2012 - 105
AOPA Pilot Magazine - July 2012 - AOPA Foundation
AOPA Pilot Magazine - July 2012 - 107
AOPA Pilot Magazine - July 2012 - Fly by Wire
AOPA Pilot Magazine - July 2012 - 109
AOPA Pilot Magazine - July 2012 - 110
AOPA Pilot Magazine - July 2012 - 111
AOPA Pilot Magazine - July 2012 - Pilots
AOPA Pilot Magazine - July 2012 - Cover3
AOPA Pilot Magazine - July 2012 - Cover4
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