On Tue, 30 Oct 2007 23:32:37 -0000, in rec.aviation.owning, "Robert M. Gary"
wrote:

I seriously doubt you will get the aircraft for below market price at
an open auction. You may get it cheep, which may be exactly what it is
worth. There really are no "great deals" on aircraft. Planes sell for
what they are worth and no one is going to sell you a plane for less
than the guy next to you is willing to pay for it.

I know. There's an element of wishful thinking: it's possible, however
unlikely, that everyone else at the auction could be cheaper and/or dumber
than I am. Yes, very unlikely.

Frankly I'm not exactly sure what a fair market value would be. I see
CH2000s listed for around 60-70k, but I often hear that actual sale prices
tend towards 70-80% of the asking price. It's also possible that these
airplanes will sell below market, but still beyond my budget. I don't know.
This is the first time I've really thought about actually buying an airplane
(as opposed to thinking about buying one in theory), and it's my first
airplane auction. There's sure to be a *lot* of education waiting for me
there.

-Scott