Ross D
Member
I read an article in a yachting mag a couple of years ago where a guy had been trying to sell his yacht on brokerage for ages, despite several price reductions no one was interested. So he hired a skip and a disc cutter, removed all the salvageable fixtures and fittings to sell on ebay, then cut the whole thing up into bits small enough to fit into the skip.
It took a couple of days but he got more money from the scrap value of the lead keel than he was trying to sell it for in the first place.
While it is a nice idea to try and keep old boats going and refit and upgrade them to their former glory. Every boatyard has a corner where there are yachts that will never go to sea again, quietly rotting away costing their owners loads in fees. Sometimes it is just best to accept the inevitable and scrap it.
Certain "classic" (what that means is a whole new can of worms) hold their value and are worth restoring, but others you can end up spending far more money, not to mention time doing up something, which you could have bought for less in better condition. The PBO series running at the moment is a good example of spending loads of time and money restoring something to a state which you can buy on the open market for less than the cost of the new parts.
Ross
It took a couple of days but he got more money from the scrap value of the lead keel than he was trying to sell it for in the first place.
While it is a nice idea to try and keep old boats going and refit and upgrade them to their former glory. Every boatyard has a corner where there are yachts that will never go to sea again, quietly rotting away costing their owners loads in fees. Sometimes it is just best to accept the inevitable and scrap it.
Certain "classic" (what that means is a whole new can of worms) hold their value and are worth restoring, but others you can end up spending far more money, not to mention time doing up something, which you could have bought for less in better condition. The PBO series running at the moment is a good example of spending loads of time and money restoring something to a state which you can buy on the open market for less than the cost of the new parts.
Ross
