Forty year old Contessa 32, £200,000

"Mr Minchin said he has received an undisclosed settlement.

The sailor said he had used his Contessa 32 yacht, called Greylag, for 40 years and estimated a like-for-like bespoke replacement would cost up to £200,000, although the insurance value was considerably less."

Mr Minchin does not say he received £200,000. It is not known what he received.
 
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You don't need to buy new, Jeremy Rogers will refurbish your old yacht for you. At a price.

Refurbishment Case Study: Gigi | Boat Refit and Repair | Jeremy Rogers Limited

I seriously considered buying an old one c.20K and getting them to do the hard bits for me and finishing the rest myself.

But then they are small on inside and wet on the outside. I would however have ended up with a rather nice boat.
 
Lucy52 said:
You don't need to buy new, Jeremy Rogers will refurbish your old yacht for you. At a price.

Refurbishment Case Study: Gigi | Boat Refit and Repair | Jeremy Rogers Limited

I seriously considered buying an old one c.20K and getting them to do the hard bits for me and finishing the rest myself.

But then they are small on inside and wet on the outside. I would however have ended up with a rather nice boat.
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I know someone who had a Contessa 32 and asked about a full refit and was quoted £40,000 to £80,000 depending on exactly exactly what was to be included. Instead, he sold it and bought another boat.
 
Concerto said:
I know someone who had a Contessa 32 and asked about a full refit and was quoted £40,000 to £80,000 depending on exactly exactly what was to be included. Instead, he sold it and bought another boat.
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Sensible man. I raced on one a few times many moons ago in the Solent and was profoundly unimpressed. Probably a great boat for bashing into a Channel gale without a reef, but not much else. Not my cup of tea.
 
It is all relative, I would consider that a good deal to get a well fettled and for some, a well regarded boat. The money is not the object, the value is a more intangable a thing even though the money is "lost." Of course there are other boats out there and the Contessa may be a "Marmite" boat. At the end of the day I didn't like some of the layout down below. I have no intreest of racing.
 
I have contemplated how I would feel if my CO32 was totalled by an errant Calmac ferry. I've only had custody for the last 15 years but my attachment is much more than the sum of her parts. The idea of taking over someone else's 40 years of bodging, dodging and fiddling is horrific. I'd definitely want a new yin.
 
Why not read the report or the excerpts from it quoted above, the owner said a new replacement might be £200k, no one said that was what was paid out.
I paid close to £150k for a Finngulf 33 which I would regard as a modern equivalent, (slim, fast, designed to sail) and Awols Contessa with her racing record would be irreplaceable so must be worth at least that.
 
Re agreed value...

My 38yr old boat cost £29k thirteen years ago, doubled that in replacement/improvement costs over the years, call it £60k total money shelled out - which is my agreed replacement value with my insurers.

No idea what my own labour would have cost (maintenance and improvements etc), but assume an average maintenance of a week a year at £40/hr which totals £20k over 13 years, and maybe another £10k for the work I did myself directly on the various improvements over the same period, so now £90k all in.

If I wanted to sell it, I'd be lucky to get say £25,000 in the current market for small long-keelers, no matter how well-built originally etc..

If a ferry totalled it on its mooring, I'd want at least £100,000, but I'd open my claim at least at £150,000.

That puts the £200,000 for the CO32 into context, doesn't it?
 
Babylon said:
Huh? What are you trying to say? That a story with a happy ending isn't a valid story? That everyone should keep their views and experiences to themselves? What?
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I suspect he meant it was a 'non story' in the indignant way it was posted originally. It's a very interesting story and one that might make people think about agreed values for their boats and their insurers.
 
Anywhere between Calshot to Cowes seems an obvious choice. A nice sunny evening with you coming from the West under sail will do.

Pete
 
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