Look up "theory of the greater fool"

Glider without log books is a big problem for the owner.

If you buy this glider, the previous owner not only got rid of that big problem, but made his problem YOUR PROBLEM, and even got you to pay for it!


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On Monday, September 9, 2019 at 1:22:36 AM UTC-4, 2G wrote:
On Sunday, September 8, 2019 at 4:30:01 PM UTC-7, wrote:
I've been approached by an estate of a former club member who's glider is stored at my club. Its a 1978 PIK20-D. They have gone through his entire belongings and have not found any logbooks for the glider. Our club records indicate the glider has not flown since 2003. Its been at the club since at least 1998. We have gone through the plane and trailer and no logs. Its a certified aircraft and our local AI said there is a process to start a new log book after an inspection. The question I ask is how much value is lost with no history of the airframe? I'm trying to help the estate come up with a reasonable value.

How do you establish the total time w/o logbooks? Most gliders have life-limits that are just not guidelines. Personally, I wouldn't touch it, but if you do, discount the value by 50% because you will need it when it comes time to sell.