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Jesse James - $1 reserve


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Keeping it simple. I want the boat for my winning bid. The owners wife won’t honour it as she wants more. I have had a legal opinion to say the winning auction bid is/was valid. I’m reserving my right

Yup same process should apply to the housing market and give those parasites in the realestate industry a poke in the eye.   Wish the owner all the best.

I have a funny feeling, if the sale is now being managed by the owners estate (i.e. family) that a lack of understanding of the current boat market may be a problem.   The holding costs for a boat t

12 minutes ago, Tamure said:

That all depends, if you have the budget to run a 40 foot race boat then why not? 

Realistically,  after assuming a  12m -14m marina berth p/y, engine maintenance p/y, rig maintenance p/y , bottom maintenance - haul outs p/y,  sail budget allocation p/y - safety gear, cat inspections etc it isn't going to be chump change. Assume a syndicate would be  good way to go but I know what it costs to run a 9m version that I cannot currently use  and have hardly used in the last 6 months and it isn't cheap... 

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The Jesse James non sale was complicated. My understanding is that it would have cost a lot of money to challenge and probably lose trying to force the sale to go ahead. It was complicated, the vendor passed away prior to the auction finish.

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Online bidding sites like Trade Me aren't auctions
Sites like Trade Me or eBay are not technically auctions, because items are sold directly by a seller to a winning bidder without using an auctioneer. Your rights on these sites depend on who you are buying from. If you buy from someone in the business of selling things (a trader), your rights are the same as if you bought from a shop. If you buy from anyone who is not a trader, this is a private sale. The Consumer Guarantees Act and Fair Trading Act don't apply. If something goes wrong, you can use the site's disputes process.

and

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When the seller isn't a trader
If the seller is not a trader then it is a private sale and you don't have as much protection. The seller must have good title (the right to sell the products they are selling), the goods must match the description, and the seller must not mislead you into buying the goods.

So apart from the legal aspect of offer and acceptance and trademe's dubious responsibility, there was the matter of who owned the vessel as technically if is now part of the owners estate. My view is that until probate that vessel couldnt be sold without it.

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6 minutes ago, splat said:

Reallistically,  after assuming a  12m -14m marina berth p/y, engine maintenance p/y, rig maintenance p/y , bottom maintenance - haul outs p/y,  sail budget allocation p/y - safety gear, cat inspections etc it isn't going to be chump change. Assume a syndicate would be  good way to go but I know what it costs to run a 9m version that I cannot currently use  and have hardly used in the last 6 months and it isn't cheap... 

Absolutely, if youre on wages forget it. Puff reckoned 20, thats optimistic if youre into racing. Lets say you get a mooring up at Hobby and buy second hand sails, set it up for 2 handed and cruising you could do it quite a bit cheaper but really its the beginning of the slow decline down to becoming a mussel barge covered in seagull sh*t.

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I have always owned in syndicates, (5 keel boats, 3 multis) for the last 30 years , and it suits my pocket well. Never been any issue with a) finding partners, b) keeping syndicate happy, c) changing boats . If I wasn't already involved in several yachts already, then I would have a crack at the R40.

 

Different strokes suit different folks, and Syndicates have been awesome for my family and i

 

 

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I love the Ross40, all Ross boats actually. Would make a nice family cruiser. But cruising AND racing one, even in a syndicate, forget it. Even Simon gets his race kicks out of a sport boat now.

They will cost a fortune, look at the sails in the ad, only a couple of years old and stretch marks like new mother. I doubt you'd get more than a season out of the sails if you raced it every week.

Want a syndicate racer then buy Waka, it beat it round the North Island and probably just needed a hose down (and inside) afterwards. Or an Elliot 1050 or 10.5, Both beat it too

Costs $12 grand plus for a marina, $3grand for insurance at least one $10k sail a year. Halyards, jammers, winches, engine, antifouling, entry fees

I take back my $20k, more like $30k

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Thought I might add my 2c worth as a Ross 40 owner.

The photo of Urban and Provincial Cowboy pacing each other side by side is a Gold Cup race from a couple of years ago and that mainsail on Urban was subsequently replaced with a new one.  The FRO's were both new - any wrinkles were just how they looked from day one.  Urban is a quick boat, especially broad reaching and running - we really noticed their extra pace with the square top main.

I can't speak highly enough of the Ross 40, fantastic boat for Auckland and also a great family cruiser - albeit one with very long legs.  Once you work out how to make them go, they're a great all round boat and a really good size for passage racing, SSANZ events and RNI etc.  Urban is a timber boat and is probably a bit more racing-oriented than PC, which has a full cruising interior and set-up.  But she is great value and as a bonus will have had a lot of work done to get ready for RNI.  These boats have plenty of company in the mixed bunch of 35-45 foot cruiser/racers in the NZ racing scene.

Yes we have moved on to a 11m canter for a fast, wet and fun partnership race boat. So PC will just be cruising for a while as we can't yet bring ourselves to put her on the market.  We'll see. 

 

 

 

 

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On 20/04/2020 at 1:58 PM, Boatworks said:

Thought I might add my 2c worth as a Ross 40 owner.

The photo of Urban and Provincial Cowboy pacing each other side by side is a Gold Cup race from a couple of years ago and that mainsail on Urban was subsequently replaced with a new one.  The FRO's were both new - any wrinkles were just how they looked from day one.  Urban is a quick boat, especially broad reaching and running - we really noticed their extra pace with the square top main.

I can't speak highly enough of the Ross 40, fantastic boat for Auckland and also a great family cruiser - albeit one with very long legs.  Once you work out how to make them go, they're a great all round boat and a really good size for passage racing, SSANZ events and RNI etc.  Urban is a timber boat and is probably a bit more racing-oriented than PC, which has a full cruising interior and set-up.  But she is great value and as a bonus will have had a lot of work done to get ready for RNI.  These boats have plenty of company in the mixed bunch of 35-45 foot cruiser/racers in the NZ racing scene.

Yes we have moved on to a 11m canter for a fast, wet and fun partnership race boat. So PC will just be cruising for a while as we can't yet bring ourselves to put her on the market.  We'll see. 

 

 

 

 

Yeah, I believe that.  Presuming the structure is good (it's not young and has been well used) it seems like good buying.  But then the maths are changing, and berthing costs are a real problem.  With a global recession, who knows how these things get valued.  Starlight Express seems like a lot of good boat for the money too, but who buys and maintains these boats when the racing scene has moved on?  

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