Adetheheat
Member
Is there such a thing as Parkers Guide for car prices but for boats? I want to know an approximate value of my boat for insurance purposes.
Thanks
Thanks
Approximate boat prices
- Thread starter Adetheheat
- Start date
Supertramp
Well-known member
Not that I know of. Best guide is what you would pay for the same or a similar model today (check used boat listings). Or a survey valuation.
lustyd
Well-known member
Brokers have a sort of equivalent, but it's not as useful as cars since boats get modified so much and are in drastically differing conditions as well as having different layouts from new. Something as simple as new electronics or a new engine can swing the price by £10k easily, and new rigs or sails are the same while a bad teak deck could take £20k off the price as people just don't want the hassle
Greenheart
Well-known member
If you put the name of the your boat's design into Apollo Duck, you may find several of similar specification and age, with a broad price range between them.
It's a pity old boats aren't obliged to have a really detailed logbook and service record showing their use, whereabouts and encounters over the decades, and all consequent repairs as well as routine renewals and maintenance.
I daresay some skippers are admirably detailed and accurate about such records, but I've never looked at a yacht whose present owner had more than a ghost of a memory about his predecessor, or what care and use the boat had enjoyed or endured in that person's ownership. I guess it's particularly the case with smaller, simpler boats.
Of course, you could just tell the forum what your boat is...we'd happily give the inevitable broad range of estimates.
It's a pity old boats aren't obliged to have a really detailed logbook and service record showing their use, whereabouts and encounters over the decades, and all consequent repairs as well as routine renewals and maintenance.
I daresay some skippers are admirably detailed and accurate about such records, but I've never looked at a yacht whose present owner had more than a ghost of a memory about his predecessor, or what care and use the boat had enjoyed or endured in that person's ownership. I guess it's particularly the case with smaller, simpler boats.
Of course, you could just tell the forum what your boat is...we'd happily give the inevitable broad range of estimates.
Sandy
Well-known member
No. When looking for my first boat I visited a large number of boats for sale. One or two I stopped the broker before getting onboard as looking at the outside it was a complete waste of their and my time. The price difference between walk away and a excellent boat was often less than £1,000.
Buck Turgidson
Well-known member
For insurance, it's worth what you think it is and what the insurer will agree to. My insurance value is well above the asking price for any of my type for sale currently or in the last 10 years.
Greenheart
Well-known member
These Westerly Griffons are currently on Apollo Duck...both 1983/1984 and not the only examples at those prices.
Westerly Griffon for sale UK, Westerly boats for sale, Westerly used boat sales, Westerly Sailing Yachts For Sale 1984 Westerly Griffon 26 - Apollo Duck £7,500
Westerly Griffon for sale UK, Westerly boats for sale, Westerly used boat sales, Westerly Sailing Yachts For Sale 1983 Westerly Griffon - Apollo Duck £15,000
Westerly Griffon for sale UK, Westerly boats for sale, Westerly used boat sales, Westerly Sailing Yachts For Sale 1984 Westerly Griffon 26 - Apollo Duck £7,500
Westerly Griffon for sale UK, Westerly boats for sale, Westerly used boat sales, Westerly Sailing Yachts For Sale 1983 Westerly Griffon - Apollo Duck £15,000
andsarkit
Well-known member
As above, it depends a lot on condition and how optimistic you are.
Tranona
Well-known member
Insurers ask for either a survey or valuation or just a valuation. I have done this just recently. I had the boat surveyed when I bought it and a valuation similar to the purchase price. Following a refit with a lot of major expensive bits they asked for confirmation of the work carried out and a broker's valuation. The new agreed valuation is more than twice the original.
westernman
Well-known member
In France yes. Of course fairly irrelevant for the UK.
Cotation officielle Argus bateaux et voiliers - Argus Marine
Spirit (of Glenans)
Well-known member
Why irrelevant?
I looked for a quote for the value of my boat on that website, and it came out at €27,500, which is exactly the valuation I have on my insurance policy, here in Ireland. If you use it to find the value of your boat and convert it to Sterling, you will probably find it reflects the current value of your boat in the UK. Of course, if you hypothetically wanted to buy a boat in France or any other country and import it into the UK, you would have to add on the relevant amount of VAT.
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Laysula
Well-known member
I looked at a Westerly in Essex once Externally it was pretty horrendous, I thought about not bothering but my curiosity got the better and I just had to have a look down below to see if it was as bad.............................It was worse,
How can people let their boats get into such horrendous states?
harvey38
Well-known member
Out boat is is currently under insured due to the amount of work done since we purchased it but loathed to get an insurance survey until most of the work is completed. I spoke with GJW at Boatlife and they agreed to up the value above the originally agreed price by £7K for an additional premium increase
of £7.50
of £7.50
Blueboatman
Well-known member
Don’t brokers have access to a database of achieved sale prices ?
Momac
Well-known member
Other than their own data I doubt it
Tranona
Well-known member
Yes and use it as a guide. It is more reliable on newer higher value boats here the spread of prices is small. When I sold my 2015 boat recently there were 4 that sold in a few months all at much the same price. However as the examples given here show on older boats there can be huge variations which is why you need to do a bit more work getting evidence to support a revaluation. Insurers recognize this and the general rise in values so are more accomodating than they were when values were falling.
Geoff A
Member
I believe you are correct.
jwilson
Well-known member
What people are referring to is the "Soldboats" database. For older boats this is very little value, as condition and inventory are almost all that matter. You can easily have a 3:1 or more ratio of values for a 'same aged same design' boat. One may have the original engine, faded and scratched hull, crusty flaking antifoul, very old standing rigging and worn out sails, with water-stained and rough interior joinery and damp smelly stained upholstery. The other may be immaculate, newish engine and rigging, good sails etc etc.....
The final snag to the Soldboats database is that it relies on brokers honestly stating final sale prices, as they are supposed to do. Some brokers don't like to do this, preferring to declare the asking price as the sale price. Also, as specific individual boats are often fairly easily identifiable from the database lists, buyers sometimes don't like others to know what they paid.
Other factors for boat values include location: boats in very out of the way places are often more difficult to sell, the far north in the UK the worst. Not many people in the south will want to go to Inverness or Oban to buy a boat, unless they want to keep a boat there or it is absolutely exactly what they want and there are none for sale closer to home.
The final snag to the Soldboats database is that it relies on brokers honestly stating final sale prices, as they are supposed to do. Some brokers don't like to do this, preferring to declare the asking price as the sale price. Also, as specific individual boats are often fairly easily identifiable from the database lists, buyers sometimes don't like others to know what they paid.
Other factors for boat values include location: boats in very out of the way places are often more difficult to sell, the far north in the UK the worst. Not many people in the south will want to go to Inverness or Oban to buy a boat, unless they want to keep a boat there or it is absolutely exactly what they want and there are none for sale closer to home.
Blueboatman
Well-known member
From the man who knows- thanks !
Fimacca
Active member
Prices are still high. I have a friend looking currently and he keeps sending me choices.
they seem very expensive when condition is good compared to 2 years ago.
they seem very expensive when condition is good compared to 2 years ago.
