boat prices

[post42]

Did anyone see the 1978 53' c that sold on ebay tonight for 120000! To me that sounds like a real good deal. The boat didn't look or sound that bad. This really gives you an idea where things are at! Prices seem to really be dropping. To the person who bought her, congrats!, Chris.
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[GJD]

Is there still an active link?

[post42]

Greg, it was listed on yachtworld for 170000. The boat is in Ft Lauderdale. Hope this helps, Chris.
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[svaron]

It doesn't make sense... You would think that given how ridiculous new boat prices have gotten that the used market would hold up well.

It blew me away when I read that the new 56' Hatteras Pilothouse is a bit under 2mil and the new 52' Ovation (Silverton) is about 1.5mil...If I'm going to pay 1.5 I certainly could justify a few more dollars for the Hatt. Or better yet, I saw a 2002 63 Hatteras Motor Yacht for 1.3. Hmmmmmmmmmmmmmm that's a tough decision. New Silverton 52 (with 3 engines no less) or a Hatt that has already had the depreciation and is fully loaded.

Let me say that I think that Silverton makes a fine boat. Before our 1990 54 ED, we owned a 396 Silverton that we purchased new in 1996 and kept her for 8 years. She owed us nothing and I would be the first to recoomemnd her. But, the prices now are just out of control. I guess we can all blame OPEC for that.

[GJD]

This one is right by us and supposedly can be had for about 75 b-bucks

http://www.yachtworld.com/core/listi...=quick%20name=

[MikeP]

I have never understood the idea that somehow a used product should hold it's value. A boat is the same as a car - the older it gets, the less it's worth. I'd love to think that somehow our 53MY is magically going to hold the price we paid 4 years ago. But how could anyone imagine that to be the case? The older it gets, the less it's worth. It has nothing to do with the price of new boats. Used is used...

A new Silverton is "worth" more than an old Hatteras, just like a new Chevy is "worth" more than an old Porsche.

[post42]

Mike I agree with what your saying but it seems to me that in the past year or so prices really have dropped quite a bit. So much so that I wish I waited a couple of years before I bought mine, Chris.
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[Top Shelf]

It was hard enough to justify 4 or 5 years ago when off road diesel was 85 cents a gallon delivered. Now it's $3.10, Insurance has gone nuts, fewer and fewer places to dock. Property taxes on the water, at least in FL is crazy. I think all this is factoring into the used boat values.

You have to have deeper and deeper pockets to run the way we did just a few years ago. My 2 cents anyway. Thx.

[oldboat]

the link for the boat that sold today for 120k
http://cgi.ebay.com/ebaymotors/53-Ha...spagenameZWDVW

the link for the one that sold last month for 50k
http://cgi.ebay.com/ebaymotors/53-ha...spagenameZWDVW

sure looks like genesis is correct about prices coming down

[Westfield 11]

This one is right by us and supposedly can be had for about 75 b-bucks

http://www.yachtworld.com/core/listi...=quick%20name=

If that's true, then a drop in asking price would get it sold, unless there was something very wrong that photos don't show. If many others have such a large difference between their "asking" and their "reserve" there is still a bit more to fall.