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Who is going to buy our yachts and at what price?


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Well, at the risk of beating the kiwi built drum, there were some good old kiwi boats and designs well represented through Tonga and Fiji on our winter cruise. Mostly our buddies but a couple of Alan

Steve raises a good point, which is;

A lot of good points here being discussed.    A 30y old kiwi boat, as Motorbike points out, suited the market just fine 30y ago when it was new, but people want more from their boats now. Is that a

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What’s happening out there?

 

Well, one recent data point for you... SR26 Motorboat changed hands this week for $11,500 in cruising trim + another $7k for a set of race sails. Last listed by previous owner 9 months ago for over $30k (32 if memory serves). The vendor this time around had bought another boat and so listed with a $1 reserve, so it was probably always going to be a bargain. Still, there were 205 watchers on TM. I'm seeing a lot of boats on the market that just aren't moving.

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Well, one recent data point for you... SR26 Motorboat changed hands this week for $11,500 in cruising trim + another $7k for a set of race sails. Last listed by previous owner 9 months ago for over $30k (32 if memory serves). The vendor this time around had bought another boat and so listed with a $1 reserve, so it was probably always going to be a bargain. Still, there were 205 watchers on TM. I'm seeing a lot of boats on the market that just aren't moving.

. Yes sometimes attitudes need to change for the vendor before a boat will sell, I looked at a boat that needed major work listed at 120, I liked its potential and had just sold my boat and so offered 70, it was refused, 2 years or more later with the boat in worse condition and the vendor getting realistic I bought it for 40 odd. Owning 2 boats at once is not good if you only want one. This run of nice weather makes boats seem a good idea, even the wife wants to go sailing.
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Sellers need to be realistic. I turned down an offer of $90000 for Sundreamer days after I listed it. Paid a years marina fees and then sold her for $70000. But if you own 2 boats (I did) or have a project under way (I have that too) the price you sell for is less important than the cost of keeping.

 

End of the day, you’ll feel a lot better once the burden is gone.

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