Newspaper article THE JOURNAL RECORD

167 Airplanes Purchased for $13.28 Million at Auction

Newspaper article THE JOURNAL RECORD

167 Airplanes Purchased for $13.28 Million at Auction

Article excerpt

A total of 167 airplanes, or 56 percent of the 298 aircraft available, were sold for a combin ed value of $13.28 million during an auction of the Oklahoma Aircraft Dealers Association last Friday and Saturday, it was reported Monday.

A record crowd of 2,450 made the auction and trade show the best ever, said Bernie McGowan, statistician for the group. That was up 16.67 percent from 2,100 a year ago.

The 167 planes sold represented a 5.69 percent increase over 158 sold in 1985, while the available aircraft were up 3.1 percent from 289 at the auction in 1985.

Comparable figures for the value of aircraft sold in 1985 were not available because no record was kept, said McGowan. However, the total value of $23.7 million in available aircraft was up 0.75 percent from $23.5 million in 1985, said McGownan.

Although the value of the airplanes auctioned has not been tracked through the 11-year history of the sale, McGowan said the number of planes that sold and the number which arrived for the auction both represent records.

The show, which has been billed as the largest general aviation auction in the world, has grown in popularity, with increases marked annually in its 11-year history.

Increases for the 1986 show were attributed in part to the Aerospace America '86 airshow, which drew 75,000 people Saturday and 80,000 Sunday. That was double the airshow goal of 80,000 for both days.

"We give a lot of credit to the airshow for helping to attract more people," McGowan said.

Increases in auction attendance were not reflected in the relatively flat aircraft combined totals, because of the complexion of this year's show, McGowan said.

Although there were more planes at the show, there were less of the "high-dollar" aircraft such as jets, and more single-engine airplanes, he said.

The break-down of airplanes at the show looked like this:

- Single engine aircraft (piston) - The "hottest seller this year" was up 32 percent to 152 from the 1985 total of 115. …

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