Yacht market

> 10 years ago
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southace
southace
SA
4803 posts
SA, 4803 posts
9 Jan 2013 1:43am
Having a brouse on boat point it's a buyers market still.

If I had $150k I would buy this one tomorrow!


http://www.boatpoint.com.au/boats-for-sale/boatdetails.aspx?R=13816620&Silo=Stock&Vertical=Boat&Ridx=2&eapi=2
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
9 Jan 2013 3:35am
Nice yacht and nice photos yes. None of the photos seem to be current though.

What makes you think it would be worth spending that amount tomorrow to buy it??

I bought this fabulous yacht around 1991 under her real name "ENVY II" for $75,000.

http://www.boatpoint.com.au/boats-for-sale/boatdetails.aspx?R=13820838&Silo=Stock&Vertical=Boat&Ridx=9&eapi=2

I then unnecessarily spent a motza and 18 months refitting her, prior to going chartering and making my fortune.

Two and a half years later after working my butt off 7 days a week and making a $50,000 loss, I took her back home from Cairns to Bundaberg and sold her to Cap'n Ben for $110,000 without the Marine Parks Permit which I subsequently sold for $27,000.

Cap'n Ben, a fairly cunning business man, who had an established sailing business in Moreton Bay, used ENVY II to great advantage as a sail training school with promising graduates being offered the opportunity (at a price) to compete in the Brisbane to Gladstone races for a number of years.

For a while he had a captive audience of "Women Only". How good is that??

He has done a few nasty things to her since he bought her though.

First he renamed her "Lady Katherine" after his daughter for goodness sake. Then he took the tiller off and put that stupid wheel steering on her.

He has taken out the gimballed kero stove and replaced it with a Tudor two burner and grill gas unit, mucked around with the companionway and the starboard settee berth. Everything else looks to be as it was when I sold it to him.

Then grossest of all sins, he let her sink at the marina in Manly. How could that happen to a yacht if the owner is astute???

That would have meant all new electrics and maybe engine too.

The winches are original and were flogged out when I bought her. The drums are alloy and I had to get them bored and fit plastic sleeves for bearings instead of the roller bearings.

Just before Cap'n Ben bought her I had rerigged her with 304 stainless for standing rigging and new wire to rope halliards in about 1996. So unless he has rerigged her since she is seriously overdue.

Despite all the above, one thing remains true. She is a Doug Peterson designed alloy IOR two tonner and they are spectacular yachts.

The last one that was for sale was Sunburst for $25,000 in Adelaide.

I venture to guess that ENVY II without the business in today's market is worth similar.
southace
southace
SA
4803 posts
SA, 4803 posts
9 Jan 2013 1:29pm
I know what you are saying Cisco ! Ok .....my boat cost $22k and I spent close to 100k on re-build but she's only worth 90k according to the market....
But the good thing is after 5 years in the water it's basically only maintenance,cleaning and annual slipping to be done....
most of the boats over 10 years old more than likely will need a bit more work than a 5 year old boat I guess depending how well they have been maintained.

Well the boat I pointed out yeah maybe still over priced but I'm thinking that type of cruiser is going to be my next home.

I have not seen that make before has anyone had any experience?
cisco
cisco
QLD
12365 posts
QLD, 12365 posts
9 Jan 2013 2:02pm
Heard the name before but know nothing about them.

Ex racing yachts make great cruising yachts.
LooseChange
LooseChange
NSW
2140 posts
NSW, 2140 posts
9 Jan 2013 3:14pm
southace said...
I have not seen that make before has anyone had any experience?


No experience, but reading on other forums where boats like Bav, Ben and Jen have much higher market penetration than here in Aus, Gib Sea is a lower cost boat made by Dufour in France. Still reading in the other forums it would seem that those people that own them are generally happy with them.
southace
southace
SA
4803 posts
SA, 4803 posts
9 Jan 2013 3:48pm
What's with vertical batten main? Yuck!
LooseChange
LooseChange
NSW
2140 posts
NSW, 2140 posts
9 Jan 2013 9:10pm
southace said...
What's with vertical batten main? Yuck!


Bit hard to have in mast furling with horizontal battens, they don't bend THAT god
LooseChange
LooseChange
NSW
2140 posts
NSW, 2140 posts
9 Jan 2013 9:23pm
slainte said...
Had to take another look at that one Southace. Thought it might have been the 44 Benny charter boat that is up in Cairns. Would have been a bargain at that price
http://www.totalluxuryaustralia.com.au/699/


Strange that one is called Stardancer and the other Stardancer II and both names are in the same script style font and both have the same graphic logo on the bow. Maybe the Gib Sea is an ex-charter boat?
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