A better buy would be some 747-400s: there are enough available on the used market and they run to around $40 mill for a mid life example.
The 1011, as good an airplane as it is, doesn't make economic sense as the price of fuel rises: they are also maintenance intensive and the 400 can carry 25% more pax for not much more fuel. The problem you have is that the people who are in Procurement don't know the first thing about commercial aviation and airplane performance.