My boat is worth 3 times its purchase price!

[cindersailor]

I recently tracked down the 1st owner of my 1966 Cinder 22 almost by accident through a Google search! Having made contact, among many other interesting facts, he tells me that the original purchase price was £1500. How many of todays boats will still be sailing in 40 years, let alone be worth 3 times what they cost new?! Not such a good investment as a house, but then owning a house is not nearly so much fun!

 

[stevebirch2002]

Purchase price of an Albin Vega in 1972 was £2750. Thirty three years later a nice example is worth £15000 which is over five times the purchase price! Of course inflation may have something to say about it......

 

[HBL]

The boat prices in England always suprise me.
Does people actually pay up to 15000 GBP for a Vega?

If you would try that in Sweden people would think you are crazy
I think the highest price you could get in Sweden, for a really good one, would be something around 6-7000 GBP.

Cheers and greetings from Stockholm

Hans

 

[Evadne]

Depends on how you calculate it

The Elizabethan 29 was about £2200 at the 1963 boat show, probably 1.5 to 2 years' wages for my Dad then, and today mine is valued at £11k, though I've seen them advertised for £13k, and which is probably somewhat over half the national average wage.
Still, who buys a boat for the financial gains? As the man said, to make a small fortune from your boat, you have to start with a large fortune. /forums/images/graemlins/smile.gif

 

[tcm]

hm, but

if you'd put the £1500 in the bank in 1966 it wd be worth at least £15,000 now, and not £4,500. So, unfortunately, your boat is a very rubbish investment. In fact, it's actually been a crashing disaster than it has survived this long, and much better if it had crumpled or dissolved or keel fallen off in say 1980 for you to get the insurance, really. Sorry.

 

[cindersailor]

Re: hm, but

I know! This was definitely a tounge-in-cheek post! However, the question still remains how many of todays creations will last this long, or be worth a similar multiple after this time.

 

[tcm]

Re: hm, but

well, you do have the advantage of a devaluation and riproaring near-hyper inflation of the first mostly-labour 13years from 1966 which we aren't alowed to mention these days. ahem.

Leaving aside that - i reckon loads of current gear will last 40 years easily. I mean, they're fairly durable plastic, plywood and so forth, all made a bit better these days, so why wouldn't they last?

Or are you saying that yours has lasted more cos it's more lovely? I'm afraid you will have to post a pic and we'll all have to judge how lovable it is.

 

[elenya]

Re: hm, but

judging by the build quality of ben, jen, bav etc the only way they will survive is if you dont' go out in more than f4!!

I'll await a "you were wrong" post in 20 years!

 

[AuntyRinum]

Re: hm, but

It was a good tongue in cheek post. My boat was built in 1959 apparently for £750.00. I'm told that today it's worth £30,000. That assumes that there is a willing buyer of course, and there rarely is when you're trying to sell a boat.

 

[Rob_Webb]

Re: hm, but

To answer your question:

"How many of todays creations will last this long, or be worth a similar multiple after this time?"

I will (I hope)! /forums/images/graemlins/laugh.gif