Texas aircraft offerings highlight of first Defense scrap Web auction

Sep 02, 2005 | 07:03 AM | Paul Schaffer

Winning bids for the first-ever nationwide Web auction of Defense Department scrap metal included two Texas lots of aircraft material that drew top offers of about $650,000 each.

One winner paid $8.66 a pound-including a "buyer's premium" of 10 percent charged by the auction site's proprietor, Liquidity Services Inc.-for 84,000 pounds of high-temperature titanium alloy in the form of engine parts and turbine blades.

The second lot of aircraft scrap, unsegregated high-temperature alloys, drew a winning bid (including premium) of $3.94 a pound. Like the titanium lot, it was offered from Hooks, Texas.....

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