Optimistic Pricing ?

[stelican]

Reckon a lot of that money was not borrowed or remortgaging, but folding lying around under certain section of the populations mattress , then along a came a Coviden reappraisal of what in life was important.
Personally suspect distress sales will not be happening anytime soon.
Not for me or scared myself stiff, sales, perhaps?

"Do not go gentle into that good night,
Old age should burn and rave at close of day;
Rage, rage against the dying of the light" .
.......and buy a boat or that most pointless of things a motor home. ?

A motorhome allows to travel at good speed regardless of the weather to all marinas.

 

[Whitelighter]

I hope you lot are right.

Ive just listed the Ferretti for £99,950. I guess slightly complicated by the fact shes in the EU rather than UK.
Broker suggested £120k-130k but in my opinion thats just silly money.

Id rather it sell than sit around for ages,

 

[Seastoke]

I hope you lot are right.

Ive just listed the Ferretti for £99,950. I guess slightly complicated by the fact shes in the EU rather than UK.
Broker suggested £120k-130k but in my opinion thats just silly money.

Id rather it sell than sit around for ages,

What next

 

[oldgit]

I hope you lot are right.

Ive just listed the Ferretti for £99,950. I guess slightly complicated by the fact shes in the EU rather than UK.
Broker suggested £120k-130k but in my opinion thats just silly money.

Id rather it sell than sit around for ages,

A series shortage of 40ft flybridges sub £150K in UK. Shame its not UK VAT paid. No 20% taking back control penalty to repatriate.

 

[PowerYachtBlog]

I hope you lot are right.

Ive just listed the Ferretti for £99,950. I guess slightly complicated by the fact shes in the EU rather than UK.
Broker suggested £120k-130k but in my opinion thats just silly money.

Id rather it sell than sit around for ages,

A nice 150 sold for 160k Euros in Italy with MTU engines.

I think you gave your boat to the wrong broker, who does not know what is a Ferretti.

My two cents.

 

[Bigplumbs]

We went for a little walk today and visited a well know boat seller in my Area that shall I say Specialises in small boats at the lower end of the Market. From about £500 - £5000 is I would say his normal range he is very much a pen and Paper sort of business and quite Traditional which I like. When you look at his list of boats for sale there is usually a long list with maybe 2 - 3 marked as sold. Some of the boats in his lot have been there for several years. When I looked today I was quite amazed. The Picture tells the Story I think.

 

[Seastoke]

How’s your chance to cash in

 

[Bigplumbs]

How’s your chance to cash in

Don't want the Cash. Much Rather have the Boats.

 

[Momac]

I expect most brokers are desperate for boats
A boat advertised at £120k and sold last year has just recently been advertised at £155k and sold again. Asking prices but an indication that used boat price inflation continues.

 

[ari]

I can't imagine there's much room for negotiation currently, unless poor condition, unpopular model or bad spec.

 

[Bigplumbs]

I can't imagine there's much room for negotiation currently, unless poor condition, unpopular model or bad spec.

I don't think even those things leave much scope as someone will be behind you cash in hand

 

[Moonbeam]

Well the Fairline Turbo OG mentioned at the start of this thread has now dropped it's price by £7k (still asking too much) 1992 Fairline 36 Turbo Flybridge for sale - YachtWorld
The 30DS still seems to be available despite £10k drop 1988 Princess 30DS Flybridge Flybridge for sale - YachtWorld
I think we are entering a stage in the market where sellers/brokers are getting far too bullish on prices (you can't blame them) and this is meeting apathy/disinterest/despair from buyers, some of whom are now sitting on their hands.
Buyers have been piling into boats during covid because they looked cheap (and they were) but that is no longer the case. Then they have to find a mooring etc.... some will be starting to notice the price of fuel...I think its going to slow down.
All this said from someone who is looking to upgrade and buy a bigger boat... so don't pay any attention to what I have to say (anyone got a Broom they want to sell me?)

 

[Momac]

Perhaps most of the previously non boating public who were tempted to buy a boat have already done so .
Others will see covid restrictions evaporating and will be returning to holidays abroad .

 

[oldgit]

Perhaps most of the previously non boating public who were tempted to buy a boat have already done so .
Others will see covid restrictions evaporating and will be returning to holidays abroad .

Me for one.

 

[henryf]

It’s worth mentioning that the boats being referenced are very old to the point where they start becoming a liability.

Newer almost current models are still finding homes.

 

[oldgit]

A 1989 Princess 45,.
33 years young , just listed with an asking price of just under 100K.

 

[Momac]

Well maintained and restored classic cars have increased in value so why not classic boats ?

 

[Momac]

A 1989 Princess 45,.
33 years young , just listed with an asking price of just under 100K.

Cheap as chips

 

[ari]

Well maintained and restored classic cars have increased in value so why not classic boats ?

Because they simply don't exist.

To use an extreme case, take Aston Martin as an example. The DB5 is a lovely old thing, but it's the 'classic' element that means you'd pay more for one than any current production Aston Martin. That simply doesn't happen with boats. No one will ever pay more for an old production boat, no matter how lovely, than a similar size and type brand new one because they just don't have that 'classic' thing that desirable old cars have.

 

[Momac]

Because they simply don't exist.

To use an extreme case, take Aston Martin as an example. The DB5 is a lovely old thing, but it's the 'classic' element that means you'd pay more for one than any current production Aston Martin. That simply doesn't happen with boats. No one will ever pay more for an old production boat, no matter how lovely, than a similar size and type brand new one because they just don't have that 'classic' thing that desirable old cars have.

An extreme case indeed.

I did not wish to imply an old boat would be worth as much as a new boat.
But why should there not be some upward price adjustment , particularly for well kept and well maintained older boats.

.