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Yacht semi submerged off Waikalabubu


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On 21/01/2021 at 9:11 AM, Fogg said:

Yes you have to be really careful around that point. And the problem I’ve found there (and other similar spots) is that over-familiarisation over many years can easily leave to over-complacency. Not saying that’s what happened here but I know I’ve given myself a few ‘wake up calls’ over the years despite being in home waters! 😳

Guilty as charged sir ! there is another nasty isolated brick in a rocky cove just around the corner towards the SW. I hit it many years ago in my old 1/4 tonner I was motoring out of the cove and seemed well out into open water when BANG ! . The stern lifted 3 ft clear  (as witnessed by another boat) and my wife did a flying dive thru the companion way. Luckily we were not at full throttle as I was just about to wind the twist grip full open when we hit. It was a low overcast and near sunset with a spring low tide, as I reached over the stern for the throttle I looked down and some reptilian part of my brain said " I think that's a rock"  another part said it was a trick of the light, that flashed through my brain in about 1/2 a second before we hit. Even though we were doing maybe 4 knots it felt like the keel had been torn right off, I frantically jumped over the shocked missus and tore up the floorboards to find no gaping hole or gushing water. the next day I dived and found a big gouge in the keel tip and a fracture in the dead wood, both easily repaired. Later my wife showed me the isolated little cross on the chart, it was totally my bad but luckily there were no injuries except to my pride. I must dive on that rock one day, probably filled with crays.

Capture.JPG

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Having done some percussion hydrography in the past, my missus always pesters me when we are going into a new bay / point, "are there any rocks here". 

I'm getting a bit sick of it, so am turning that around to get her to check the chart, get familiar with our geographical position on the plotter and check herself. Two eyes are better than one, and I wont get the nagging...

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Given the selection of quality boats currently going for $1 reserve on trade me, what is the consensus this one is worth? I'm not seeing much worth salvaging on it. Small engine, low hours, but a solid submersion in salt water. If I we doing an engine upgrade, the cost of install outweighs the benefit of shagging around with a 10 year old engine thats been in salt water.

What is left, a rig? sails aren't new. Cost to break up and dump hull outweighs possible value of anything else.

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2 hours ago, Fish said:

Given the selection of quality boats currently going for $1 reserve on trade me, what is the consensus this one is worth? I'm not seeing much worth salvaging on it. Small engine, low hours, but a solid submersion in salt water. If I we doing an engine upgrade, the cost of install outweighs the benefit of shagging around with a 10 year old engine thats been in salt water.

What is left, a rig? sails aren't new. Cost to break up and dump hull outweighs possible value of anything else.

a reasonable Lotus 10.6 will go for around $90-100k. Would be very easy to spend more than that to put Rite Off back together, especially if you have to find a new keel. Also a lot of work to rebuild the keel structure.

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2 hours ago, wheels said:

Now that I have viewed it on a decent screen, I take that comment back. Just wet timber is all. Must have been a solid impact.

does look like some glue failure in places...

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27 minutes ago, marinheiro said:

a reasonable Lotus 10.6 will go for around $90-100k. Would be very easy to spend more than that to put Rite Off back together, especially if you have to find a new keel. Also a lot of work to rebuild the keel structure.

It didn't even occur to me that someone would restore / rebuild it. What is it, a 35 / 40 yr old wooden boat that has had extensive structural damage, and a good soaking in salt water. The reality is its a dated design now, well used. And there is no shortage of alternatives to buy that haven't had the keel ripped off.

Not to mention you'd need to go find and recover the keel. Based on a recent thread around the cost of pouring a new keel.

My guess is it is trash, but it will be interesting to see what transpires. Maybe that dodgy TM guy will buy it, superglue the hull back together and try and flick it off again as a center boarder...

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Interesting question on the grounding and eventual capsize.

The first few photos show the boat sinking but clearly upright, then a photo of the boat upside down.

Do you think the keel was still attached in the first few photos then as it sank (or hit the bottom) the keel came off. Not a lot of stabilty in a hull thats full of water without a keel and a heavy alloy rig and furled genoa up in the air.

 

 

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13 minutes ago, Fish said:

It didn't even occur to me that someone would restore / rebuild it. What is it, a 35 / 40 yr old wooden boat that has had extensive structural damage, and a good soaking in salt water. The reality is its a dated design now, well used. And there is no shortage of alternatives to buy that haven't had the keel ripped off.

There are a LOT of restos going on at the moment.

A new 30fter is 300K plus, saw one this morning that is a hair short of 400K.

Spend 60K on the wreak and you could have a perfectly fine boat that will have some advantages the new 30 doesn't have. Sure a bit of a project but being the vintage and construction she is it's not a hard one.

If you applied that same thinking to yourself, a bit old n dated, should your wife be trading you in for a younger flasher model ;)

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57 minutes ago, marinheiro said:

a reasonable Lotus 10.6 will go for around $90-100k.

Not from what has been on trademe lately. Some have been at a real low price. One on there right now for 65K

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8 minutes ago, KM... said:

There are a LOT of restos going on at the moment.

A new 30fter is 300K plus, saw one this morning that is a hair short of 400K.

Spend 60K on the wreak and you could have a perfectly fine boat that will have some advantages the new 30 doesn't have. Sure a bit of a project but being the vintage and construction she is it's not a hard one.

If you applied that same thinking to yourself, a bit old n dated, should your wife be trading you in for a younger flasher model ;)

I think the question you need to be asking yourself KM, is if the wife traded you in for a younger model, would you spend considerable time and effort trying to attract her back to the old and worn-out you, or would you cut your losses, go off and get yourself a younger and fresher model?

Same sage advice from you saying it is a 'bit of a project'. As you well know, there is a substantial risk those projects never get re-launched.

Banter aside, I wouldn't have thought the work and time would not justify the end result and value. Trademe is not short of project boats of that age and style that could do with a reno and be a good boat afterwards. And the all come with keels and intack floors. That and I would think $60 is optimistic. But hard to tell. There was that quality Ross boat in Chch with carbon rig, posh sails etc and only one hole in the side that really struggled to sell. I think Cool Change ended up acquiring it? Maybe Alcatraz's owner feels the need for another project?

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I see awesome ROI's in regards to stories, the effort involved, the costs, the learning, the heritage protection and more.

You see ROI's in $$ term.

Horses for courses.

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