@ keithw
You might want to consider this yacht:-
http://yachthub.com/list/yachts-for-sale/used/sail-monohulls/sparkman-stephens-34/116052Buy it for that price and spend the same amount on it and you will still have the lowest cost S&S 34 in the country. A fully restored S&S 34 for $36,000.
WITH brand new rigging, sails, paint, wiring, ground tackle, radio, instruments, dinghy and a whole heap of spares.
If it is not sold very soon, it will get a cradle and go into my back yard to await my pleasure.
I have often thought about restoring a classic English Sports Coup'e like an E Type or a DB5 but I think this will be a lot more satisfying.
As sexy as those Coupe's are they are hard to have sex in.

Who knows?? If you campaigned this yacht in the 2019 Sydney-Hobart, 50 years after it did it the first time, the Australian Maritime Museum might offer you big bucks for it.

The way the government is legislating lately, one could be excused for thinking the government wants to turn the concept of, the average guy having a boat and going sailing, into a museum piece too.[}:)]