I see 6 S&S34s on yachthub. 4 good ones at $75,000 or above.
Misty II is still advertised for $29,000 but is actually already in new hands and is currently undergoing a major refit costing tens of thousands. Another one is advertised sold on an as is where is basis for $25,000, probably a rebuild prospect.
Are prices recovering?

Prices will increase as the Aust $ falls, it makes new and over seas boats dearer to the aust $
I see a 36 S&S on boatsales which is a great buy :)

MorningBird said..
I see 6 S&S34s on yachthub. 4 good ones at $75,000 or above.
Misty II is still advertised for $29,000 but is actually already in new hands and is currently undergoing a major refit costing tens of thousands. Another one is advertised sold on an as is where is basis for $25,000, probably a rebuild prospect.
Are prices recovering?

No.

There will always be somebody willing to pay silly money for boats that don't need any work. Same as classic cars. The only real method of valuing boats is what people are actually paying for them and the only real way the average person gets to know this is eBay or word of mouth.

When that Cavalier 32 that's been advertised in the Afloat magazine for the past 5 years sells I will re consider! Hate to think of the fees he has racked up.

Hi
Hi Cisco, all too true, BUT it is better to have owned a boat and have Sailed, than never to have sailed at all !!

I would expect that a advertised price of $75,000 will result in a sale price between $55,000 and $65,000. That is a marked change on 12-24 months ago. It could also be that there is a coincidental run of good quality S&S34s for sale which hasn't happened for some time, maybe because they have held off selling when prices were way down.

Ramona, only rubbish boats end up on eBay and they don't represent the market for decent useable boats. I would also say you are an exception to the rule of boat buyers an owners as you have exceptional skills to do nearly all the jobs on a boat. Your wind vane is a work of art, there are very few like you.

To me it stands to reason that if new boats are more expensive, because of the low Aus $, then good used boats will become more expensive

Yara said..

Lexmark said..
To me it stands to reason that if new boats are more expensive, because of the low Aus $, then good used boats will become more expensive

The problem is that we are in two completely different markets. The new boats satisfy the high income upwardly mobile types, and the older boats for the older, lower income people, who are more into cruising. Hence the people looking at an S&S 34 would not be considering a 40ft floating caravan at a quarter of a milion dollars.
And, BTW, those new boats will lose their value rapidly as they are not built to last.

Lets not let sensible logic get in the way of a good discussion. The problem as I see it is that it's such a small market. We have a market full of fibreglass yachts that just wont die. Small market and lots of yachts is not a good thing if your trying to manufacture new boats as Steber has found. Trying to buy all the secondhand boats so you can build new ones just means you end up with a lot of old boats you can not move. The yacht side of things is just the same. There is only a small market for new yachts and all those Bavs etc that are starting to hit the second hand market will only acerbate the problem. Those Rolls Royces of the yachting market like Halberg Rassy and Ohlson 35's etc are now at sensible prices and this is just going to continue to force down the prices of local quality older 'glass boats. Until we can find a way to recycle 'glass boats nothing will change.

It's interesting how in the small power boat scene people are resurrecting older quality 'glass hulls into first class boats. As for places like Gumtree and eBay, while we have people that keep dying from old age and their boats keep going, we will have families not into boating dumping their boats onto an already crowded market.

Shaggybaxter said..

I think the point I am trying to make (probably badly) is that there are some buyers, that even when it is not a good time for it, still let desire rule over the wallet.
My two cents.

Everybody does that no matter which end of the market they are in.

My supposedly wise uncle, 50 years ago, pointed out to me that the first line in the NRMA book on boating said "Nobody has a logical reason to own a boat."