How accurate is this

[MAK]

Came across this site and curious on how accurate the information is;

soldboatprice.com

soldboatprice.com recently sold Hatteras
site lists 2 recent sales

53 Classic Motor Yacht asking $166,700 sold $75,000 date sold 5/3/18
56MY Motor Yacht asking $133,400 sold $65,000 date sold 4/27/18

both sold at about half the asking price, looked at other builders(Viking; Californian) on the site and a lot of the sales are also at drastic reductions. I understand that condition and circumstance has a lot to do with final close price, but if you description sure paints a different picture,

am fairly well versed in the classic car market, but new to the boat market, so the question
Is this the market?
Is this information accurate?
So what is a realistic offer against asking? Half? a third? ????

[GCSI]

I recently purchased a 2002 75’ Hatteras and very familiar with last ten boats sold of that model (2000 - 2006). None of those sales, all closed within the last year, are in the database. So, based on the data that I know, the site has very little or no value.

[Boatsb]

It looks like a free site that gives you a fair value for what it costs.

Soldboats is a broker site from yachtworld and is much better but still not 100% accurate

[oscarvan]

I was talking to a broker at a boat show yesterday and he had traded in a fifty something foot early 80's DeFever which he said was "in decent shape" whatever that means on a new $400K sail boat. He gave the guy 20K......

Looking at the number of 53's on YW, and how long some have been there I suspect that the market it very bad for sellers.

Let's put it this way, I am buying one in the next few years and I am optimistic that I will be able to find a very decent deal.

[Scarlett]

I know the 56 that sold, friend almost bought it, it was a real piece of junk, maybe one of the worst I have seen. Still don’t know how people can let a Hatt get that bad, and if the cosmetics were that bad I can only imagine the condition the engines must have been. On the west coast boats seem to be in better shape and are still bringing pretty good prices. John

[drburke]

John, PM sent.

DAN