The auction in the French city of Toulouse, home to plane maker Airbus and its predecessor company behind the Concorde, has been organized by a group of former engineers and executives. Proceeds will go toward a planned airplane museum and park in Toulouse.

Airbus sold the parts — half of which are new — in 2003 to the non-profit Aerotheque association for the symbolic sum of one euro.

The auction is expected to reap about $337,000. Most items have been valued at between $70 and $425.

Cockpit gauges, including air speed indicators and horizontal situation indicators, will be sold along with the nose landing gear, 12.47 feet in height and sold with its wooden box, and the main landing gear are both valued between $2,800 and $4,200. The “machmeter” is valued at $2,100 to $3,545.

None of the items has a reserve price, according to the auction website.

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Posted: 09|28|07 at 8:22 am. Filed under: Auction News.