doug748
Well-known member
Someone, on another thread, mentioned that Griff Rees Jones has a new boat.
A couple of interesting responses to some eggy interview questions, from his web page:
Q. What does ownership deliver to you personally and therefore does the investment deliver unique value?
It is not an investment. There is no return on wooden boats. We spend a lot of money annually on upkeep, new sails, flying in crew, (it takes twelve to race her), keeping her up to scratch. We will never see any of that back. Undina my last yacht, smaller but equally beautiful, has cost me half a million in restoration fees and is currently up for sale at 195 thou, probably less. People go aboard and expect to find extra cabins. Or suddenly realise what work they will have to do to keep her looking so great. I am about to repair her floors, perhaps the last stages of her total restoration. It is meaningless money because it won’t add an iota to her market value. You buy these boats in order to love them.
Q. If asked by an inexperienced potential owner for advice prior to entering the market, what is the most important piece of advice you could deliver?
Buy a boat on which some one has already done the work and wants out, rather than a wreck.
See here:
http://www.classicyachtargyll.com/
A couple of interesting responses to some eggy interview questions, from his web page:
Q. What does ownership deliver to you personally and therefore does the investment deliver unique value?
It is not an investment. There is no return on wooden boats. We spend a lot of money annually on upkeep, new sails, flying in crew, (it takes twelve to race her), keeping her up to scratch. We will never see any of that back. Undina my last yacht, smaller but equally beautiful, has cost me half a million in restoration fees and is currently up for sale at 195 thou, probably less. People go aboard and expect to find extra cabins. Or suddenly realise what work they will have to do to keep her looking so great. I am about to repair her floors, perhaps the last stages of her total restoration. It is meaningless money because it won’t add an iota to her market value. You buy these boats in order to love them.
Q. If asked by an inexperienced potential owner for advice prior to entering the market, what is the most important piece of advice you could deliver?
Buy a boat on which some one has already done the work and wants out, rather than a wreck.
See here:
http://www.classicyachtargyll.com/
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