mrming
Well-known member
Agreed that boat looks good for it’s age and should find a new owner pretty quickly.
I remember my Uncle buying an Elizabethan 31 for £6K (Rounding applies) in 71, selling in 76 for £13k unfortunately with inflation the value had only stood still, no profit when moorings and maintenance were considered AND the price of the upgrade.In the 1970's inflation, largely caused by the blockage of the Suez canal, boats went up in price as prices overall went up. In 1974 I sold a boat for £600 hoping to get a larger one for £1250 a couple of years later when our 2nd child would have been two. In fact the £1250 boat had become £5000 by 1976 so I could only afford half a boat and had to go into partnership.
I think the same will happen again. Price will go up but real value will be diminished as inflation reduces buying power of money.