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Deleted User YDKXO
Guest
Classic cars seem to have been a good investment over the last few years so I was wondering if classic boats have the same kind of investment potential. If so, which models?
Chris_d
Well-known member
I would say no, not unless it is the sort of boat that can be bought on a whim easily stored and moved about and has no ongoing maintenance costs.
Maybe it would be a different market but i have met a lot of rich classic car owners (1million + types not MGB's) and to my surprise they all consider
boats to be too expensive and too much hassle
Maybe it would be a different market but i have met a lot of rich classic car owners (1million + types not MGB's) and to my surprise they all consider
boats to be too expensive and too much hassle
Robert Wilson
Well-known member
Boat - a receptacle above a hole in the ocean into which endless amounts of money, energy and frustration are poured in ever increasing amounts until it finally succumbs and obeys the laws of gravity - all this while the owner believes that he/she is actually enjoying the experience.
Perhaps not always true, but I would think that unless one is very, very wealthy the sort of boat that is actually going to eventually sell for mega-bucks is going to be outside the financial reach of most mere mortals.
If seriously seeking, then perhaps a top-condition yacht of the William Fife III yard would hit the spot.
IMHO, of course.
PowerYachtBlog
Well-known member
We are not yet there, but a couple of companies in the Rome area have managed to turn a buck by refitting a couple of Magnum 53 Maltese.
Until the yacht market is in the bottom, its hard to say which will be good.
But I do imagine the following;
eighties Magnum (40, 45, 53, 63)
seventies Riva Superamerica
nineties Fairline Squadrom
Possillipo 52 and 58 Technema
Itama 38, 45 and 54
Ferretti 44 and 52 Altura S
Mochi 44 and 46 (also some of the opens as the 47 have that something unique about them)
Pershing 45 (eighties) 48 and 54
Princess Rivera series from the nineties especially 36 and 406
Sunseeker 55 Camargue, and 37 Tomahawk
Sanlorenzo 57
Tecnomarine T62 and T58 still a wonderful looking vessel
Baia from the eighties B40, B43, B49, B50, B60
VZ 18 - still a lovely looking vessel 21 years after its launch and will need little work, also fabolous seakeeping hull
Anyways that would be my list, and some of these will need a nice refit and I stayed for the most part with EU brands.
Some Bertram, Hatteras, and Sea Ray do have there potential as much if not more to Europe, since its very common to do this in the USA
Until the yacht market is in the bottom, its hard to say which will be good.
But I do imagine the following;
eighties Magnum (40, 45, 53, 63)
seventies Riva Superamerica
nineties Fairline Squadrom
Possillipo 52 and 58 Technema
Itama 38, 45 and 54
Ferretti 44 and 52 Altura S
Mochi 44 and 46 (also some of the opens as the 47 have that something unique about them)
Pershing 45 (eighties) 48 and 54
Princess Rivera series from the nineties especially 36 and 406
Sunseeker 55 Camargue, and 37 Tomahawk
Sanlorenzo 57
Tecnomarine T62 and T58 still a wonderful looking vessel
Baia from the eighties B40, B43, B49, B50, B60
VZ 18 - still a lovely looking vessel 21 years after its launch and will need little work, also fabolous seakeeping hull
Anyways that would be my list, and some of these will need a nice refit and I stayed for the most part with EU brands.
Some Bertram, Hatteras, and Sea Ray do have there potential as much if not more to Europe, since its very common to do this in the USA
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Chris_d
Well-known member
Thats a list of classic boats for sure, but they would never be an investment surely? People are buying Ferraris for 5million and selling them for 10, can't see how a boat will ever do that.
Nick_H
Active member
Maybe the small Riva's could be an investment. A quick Google shows Aquarama's are on the market for £200-£400k, and Rivarama's for up to £0.7m.
SEARANGER ANCASTER
Member
I would say yes but it would need to be the right one and think , like cars ,they will follow trends depending on age of buyers. For example a few years ago MGB's were making strong money , now they have dropped back. At that time a good RS2000 or Mexico was about £8-£10k , now you wont find a good one for under £20k.
Think it could be the same with boats and what the trend is.
PowerYachtBlog
Well-known member
Some Riva Aquaramas, and the small Bertrams do manage to do that turn out of 50% profit, difficult with big boats though.
Though I heard of Magnum 53s selling for triple after an important refit which would have costed another third of the selling price.
But I know a few people in the marina rounds who do not like much these new latest models with high free-boards, and are starting to appreciate classic more then ever.
I personally think Euro boat design had reach its peak about a decade ago, nowadays its all looking to modern. That is minus the US Sportfisherman which still look fantastic in my eyes.
burgundyben
Well-known member
I don't think the value of mine has changed at all in 12 years.
To my mind one of the key reasons is that an old boat is a liability, a wooden one can go from perfect to shed in just a few short seasons.
Similarly, a Supermarine Spitfire can be bought fro £1M, if you compared it to a car it would be hugely more expensive, the reason is the same, its an ongoing liability.
To my mind one of the key reasons is that an old boat is a liability, a wooden one can go from perfect to shed in just a few short seasons.
Similarly, a Supermarine Spitfire can be bought fro £1M, if you compared it to a car it would be hugely more expensive, the reason is the same, its an ongoing liability.
MapisM
Well-known member
+1, that's the one and only.
As long as the MAYBE and the COULD are underlined.
Also, I disagree with the whole list from PYB.
As much as I love some of the boats he mentioned, I wouldn't even dream of calling any of them investments.
Even for true historical boats, like the Levi's Ultima Dea which is rotting away in my home port, there's no guarantee to make a crust out of a proper restoration.
The only guarantee is that the restoration cost will be higher than any reasonable budget one could think of.
Cars are in a completely different league.
Any nostalgic fool and their dog can buy a 911 or a Camaro and keep it in their garage.
And as with anything else, the offer/demand is what drive prices, eventually making a Shelby a good investment, when it's actually an awful thing to drive.
Can't see that coming with boats - any boats.
In this respect, the Aquarama is just (maybe!) one exception confirming the rule.
epervier
Active member
Have to agree with your take on Boat ownership.
My definition of BOAT - Bring Out Another Thousand, it never stops until you rid yourself of ownership.
About 40 odd years ago I was told by an old salt, "boat owning is the same as standing under a cold shower with your hands away from the deluge setting fire to five pound notes,.................and smiling while you're doing it.
it's the same today, but now it's fifty pound notes
.Richard Shead
Slipped Anchor
There has been a few articles on this of late and they all come to the same conclusion.....
RIVA
RIVA
Whopper
Active member
Different market entirely. Car collectors at the high end of the market look for things like racing provenance, notable previous owners (think Steve McQueen) and rarity.
One thing I think may be happening in the super at market at the minute is that the rising prices of the new stuff is putting a floor on the prices of models only a few years older. Think Porsche 918 vs the Carrera GT. I think the boat market may be similar in that regard.
One thing I think may be happening in the super at market at the minute is that the rising prices of the new stuff is putting a floor on the prices of models only a few years older. Think Porsche 918 vs the Carrera GT. I think the boat market may be similar in that regard.
