What happens to retired airliners? See a tear-down of a 747-400
aviationweek.com
aviationweek.com
http://www.channel4.com/programmes/kevins-supersized-salvage
http://www.mirror.co.uk/tv/tv-news/kevins-supersized-salvage...
Even if the engines are too old to re-use, the high temperature nickel alloys they contain are valuable for making new high temperature engine parts. There is a real scarcity of that type of material.
http://www.what2fly.com/operating_cost/boeing/747-300.php
The winglets save about 3 - 3.5+% fuel consumption. (from Boeing's website and Wikipedia)
So it only takes roughly 2000 hours of flight time to recover the costs from a used set of winglets ($650k each according to the article).
2000 flight hours is generally less than 2 years worth of flights for a normal 747-300. (Couldn't find a great source, didn't look too hard: http://www.airliners.net/aviation-forums/general_aviation/re... )
According to this they weight between 375 - 518 pounds and are ~6 feet tall, which is significantly more than they look. http://www.b737.org.uk/winglets.htm
Edit: doubled the hours, thanks bhousel
Also, if you are running a lot of short flights, fuel costs may not be your primary concern. For example, the 747-400D is a model meant for short domestic routes like between Japanese islands, and doesn't have winglets.
[1] http://en.wikipedia.org/wiki/Wingtip_device#Passenger_aircra...
Warranties - will they replace it if it breaks?
Regulation - will they sue the pants off us and ban us from flying if we use a non-approved part, regardless of whether it breaks or not?
[1] http://www.airliners.net/aviation-forums/general_aviation/re...
People buy high tech stuff and part it out as well, so company A will sell their servers to the scrapman who will then resell hard drives, memory, CPUs, and HBAs and then scrap the chassis. I cobbled together several VAXen that way (buying 'disposed' ones and pulling enough parts to make a whole one).