Old Sunseekers...Price coming home to roost!

Nautorius

Nautorius

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For several years I have been amazed how well the price of certain boats holds up. A good example is the Fairline Targa 29/30 which regularly sell for over £65k and are now about 9 years old. New they were around £80ish (spec dependent).

But old Sunseekers seemed to have a floor price through which they did not drop. Post 1990 boats (35ft plus) have regularly been in the £60-80k bracket. I have been amazed people will pay £65k for a 1990 Sunseeker Martinique 36..it is 17 years old and looks externally dated.

These boats though seem to be losing their appeal. If it is the general slow down I do not know but some recent more sensibly priced boats are around.

This San Remo 35, 1992 with Kad42 is £49,950 inc VAT. Although described as 'below average condition' it just needs some internal recovering. Mechanically and structurally sound.

This 1991 Martinique 36 is £44,950 with AD41's, This 1990 Martinique 36 with AD41's is £53,000 and This Martinique 38 with Kad 42's can be had for around £50,000.

Having said this, there are still optomistic prices being asked like This 1990 Martinique 36 for £64,950.

I am not Sunseeker bashing, just making a point that in the early 1990's Sunseeker were making more sportscruisers than any other UK manufacturer and that they are now clearly in over supply on a second hand market. If you look at other UK Manufacturers then the Sealine S34 will soon be falling into this category. Infact two recent 1998 examples with AD41's have been sold for mid £60's.

There are benefits to buying mainstream models but maybe longer term this will reverse!

Just a thought

Paul /forums/images/graemlins/smile.gif
 
Oh thats cheered me up no end /forums/images/graemlins/frown.gif

Seriously though Paul, I didn't buy my boat worrying about its residual value. I was more concerned about what I paid for it, so made sure I bought at a realistic price. I never bought it as an investment, I bought it to enjoy.
 
I Know,

Most of us do. It is not something I worry about, I just like looking for trends in the market. Just thought this was a new trend and that maybe it is a sign of things to come. The Sealine S28 held up it's price for years, but last year early models started tumbling in value. Having said that they are a great boat. I think the S34 is the next mainstream boat to see a general correction. The Cranchi Zaffiro 34 has also started to see corrections in prices this year with a clean early boat selling for £53k!. There will always be some buyers for 34 footers, just maybe less of them!

Cheers

Paul /forums/images/graemlins/smile.gif
 
Mmm, I've always had the impression that Sunseeker values fall pretty quickly on the used market for a couple of reasons. First, they change their models and model numbers very regularly and the kind of customers who buy Sunseekers seem to change their boats often (there's a sweeping generalisation!). In fact, I've always thought older used Sunseekers to be pretty good value compared to other makes, particularly as they're generally good boats
 
these are fair sized boats; at some time that marina charge and fuel bill is going to tip the balance I d have thought, never mind the issue of the state of the engines. A couple of d6s as replacments might not look too appetising
 
It just amazes looking at the residuals for a whole host of boats.................!
20 yr old Corniche's at 60k ish
20 yr old Princess 315/330 etc 60k+
I mean come on 60k is a fair bit of money,even these days and when you consider that it will only buy you a top brand F/B of circa 1988/1990 its no suprise that owners wanting to upgrade from smaller on a tight budget are put off.
Of course this is my own opinion -----DISCUSS?
Rob
 
dont really agree on that if you look at our Mustique 42 1993ish, the price has not much changed in the last 4 years or we made a good deal on her,
seaworthy she is one of the best boats i ever had, tested v40/39, targa 39 37 astondoa 40...
In heavy seas (8bft of Belle Ile France) we one of the few getting in the harbour without any damage, same time a new Beneteau Flyer with IPS came in with lockerdoors flying around in the cockpit... so for me they are one of the best build boats & the next one is cert. a Sunseeker again.

As for parts specific to sunseeker, just call Jack Patton give him your serial number and within 48 hours in the EU they get you anything that was on your boat.

Finishing is superb only open the cabinet doors to see that the birdseye maple like on the outside is varnished inside and out with XX coats of lacquer, you dont see that on the new versions...


Maybe some are quick sellers with red on its way out...
 
Compie,

Very few 42 Mustiques on the Market so hard to include them, you are probably benefiting from Supply and Demand as I believe they produced less 42 Mustiques than the other range models (which had their ranges developed over time). I focused on the San Remos, Portofinos and Mustiques 36/38/39) i.e all sub 40ft! If you look at the Travado 40 and Camargue 46 you will see a similar drop in Values.

In the UK their prices have been higher than Europe for some time, now they seem to be evening out!

Cheers

Paul /forums/images/graemlins/smile.gif
 
Hi Rob,

We have ruled out the Birchwood because of the Hull compromise. Loved the boat accomodation wise, but were worried about long term cruisability of her. Decided not to take a risk on her...but for someone who intends to just potter around the solent she is a lot of boat for the money and a deal is to be had on her!

Cheers

Paul /forums/images/graemlins/smile.gif
 
compie1, I agree that the Mustique 42 is a better boat than any of the outdrive alternatives you have given. I sea trialled a M42 once and was v impressed
If I was in the market for a sports cruiser in this price range, then I would be looking at boats like the Mustique 42, Camargue 46 and the older Travado 40. All excellent sea boats
 
Good Price S37..as well!

well,

This is the cheapest Sealine S37 that I have seen in the uk recently Here.

Buy it now price £82,500 but I get the feeling he would take a deal!

Very Tempting as my Favourite boat model with triple rear cabin!

Cheers

Paul /forums/images/graemlins/smile.gif
 
No plans on selling her unless the numbers come up. She`s perfect for the 2 of us as the kids have grown up and only appear on occations these days. /forums/images/graemlins/smirk.gif
 
don't take any notice Paul, they all know how well built they are, they're only jealous, because we run around in 20 year old craft that didn't cost us the price of a house, and get the same amount of pleasure /forums/images/graemlins/laugh.gif /forums/images/graemlins/laugh.gif

sunseekers r us .com /forums/images/graemlins/laugh.gif
 
Thats very true Dave. I`ve always said its all down to fun factor at the end of the day. I enjoy mending and fitting new bits to mine. If I had a brand new shiney thing i`d be just cleaning it all the time to maintain hopefully near the 100`s of 1000s of squids i`d borrowed for it /forums/images/graemlins/laugh.gif
 
Thats a good point, one of the best days i have had was in a 70 dinghy with a seagull outboard in the middle of winter up the Hamble River.

It amazes me the price of some of the old plastic boats, I'll stick with 40 years of rottign mahogany.

I cant work out why anyone would pay some of the prices...
 
[ QUOTE ]
It just amazes looking at the residuals for a whole host of boats.................!
20 yr old Corniche's at 60k ish
20 yr old Princess 315/330 etc 60k+


[/ QUOTE ]

I think you'll find those aren't residual values, those are asking prices.

Totally different thing...
 
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