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January 25, 2022

Got an extra $20 mil? The 'Miracle on the Hudson' plane is for sale

You get the sense that, going back in time, it’d be pretty neat to own a piece of history.

Say you happened to be sitting on a ton of cash in 1937 and had the chance to buy some of the Hindenburg wreckage ... do you do it? What about in 1912, if a piece of the Titanic washes ashore and goes on sale? A section of the Berlin Wall, maybe, is a keepsake I’m sure many would like to have.

So what happens if a modern (albeit much larger) chunk of history is on an auction block? If you can come up with the money, do you buy it?

In fact, this week millionaire collectors might just be asking themselves these same questions. CNN reports that the “Miracle on the Hudson” plane is now up for sale.

Auction bidding is open for the Airbus A320 that hero pilot Chesley “Sully” Sullenberger helped land/crash in New York City’s Hudson River about one year ago today.

We all remember that day – Jan. 15, 2009 – when the near-perilous path of US Airways Flight 1549 captured the world. After smacking a flock of Canadian Geese shortly after takeoff, Sully was forced to famously land the plane atop the icy river. All 155 people on board survived.

After that, of course, Sully became an international Superman and the ordeal proved to be perhaps the second-most memorable airplane incident of the decade. See this cheesy-yet-strangely-exhilarating animation of the crash for a re-primer on the day’s events.

As for the auction, the plane – which comes with the “severe water damage” disclaimer – is listed “AS IS/WHERE IS” while it sits in a New Jersey salvage yard.

According to The Star, the Airbus is expected to fetch some US$20 million, despite having no engine and its wings detached.

Will the plane be worth the cash, and will it resonate in pop culture history the way other iconic happenings have before? Or will Sully use his newfound fame and fortune to swoop in and buy the Airbus as his own personal souvenir?

These are the questions left unanswered. We’ll know much more when the plane’s bidding ends March 27.

By Jason Buckland, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...