The COVID-19 devastated aviation industry is selling off surplus aircraft, with bargain prices expected for helicopters, planes, parts and accessories that are going under the hammer.
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"There are some extremely high-quality aircraft going up for auction this weekend featuring arguably one of the best Jetrangers on the market in Australia today," Lee Hames from Lloyds Auctions said on Tuesday.
"The opportunity presents itself for many people who might be looking for a bargain at some high-quality aircraft, with people taking the chance during this down time to adapt and plan their business model preparing for when things return back to normal."
With runways virtually empty, amateur pilots or learner pilots have the perfect opportunity to log their required hours at major airports around the country.
The auction features a 1978 Bell Jetranger helicopter with just more than 8000 hours and no expense spared.
"The current bid is already sitting at over $500,000," Mr Hames said.
There had been a huge boom in auctions this year, with classic cars, fine art and high-end jewellery selling well, he said.
"We are seeing many people looking for alternatives to traditional methods of sales where we have seen an influx of people turning to online auctions for both selling and purchasing of items," Mr Hames said.
Online bidding is at lloydsauctions.com.au and closes at 10am AEST on Saturday.
Australian Associated Press
