FS: 1980 Hatt 53MY. MAJOR price reduction. $110,000 FIRM

[jmccubbin]

Well it looks like the boat has a sales pending notice on it. I do hope it goes well for Dave and the New Owner enjoys the boat.

 

[Passages]

Interesting to watch 110 FIRM go to 105 but I need to net 100 only to have it go to 88 ask to who knows where the final deal is before survey.

Sorry to say, there is not much market left for these old classics.

 

[SKYCHENEY]

Interesting to watch 110 FIRM go to 105 but I need to net 100 only to have it go to 88 ask to who knows where the final deal is before survey.

Sorry to say, there is not much market left for these old classics.

It all depends on condition and when you leave a boat like this out in the weather all winter, it's likely to go down hill fast. The best of the best that are well maintained still bring decent money, but they are becoming very few and very far between.

 

[SeaEric]

They are becoming very few and very far between.

Ab-so-lutely!

 

[saltshaker]

It all depends on condition and when you leave a boat like this out in the weather all winter, it's likely to go down hill fast. The best of the best that are well maintained still bring decent money, but they are becoming very few and very far between.

Very true. Prices are depressed for these old boats and the poor condition of so many of them has pushed the market down further. Makes the real nice ones hard to sell as many won't shop them due to the higher price and expected poor condition. The fact that most buyers out there looking at these boats are shopping for the cheap ones makes it even harder for the seller with the nice boat.

 

[krush]

Well, it's called depreciation. And it's old. At the end of the day, it still is a 35yr old boat, regardless of condition.

 

[rsmith]

Just as a rising tide raises all ships a few bad apples will bring the whole market down. Dosent help that higher priced ones are close to newer ones that have rapidly depreciated.

 

[tom5518]

Just as a rising tide raises all ships a few bad apples will bring the whole market down. Dosent help that higher priced ones are close to newer ones that have rapidly depreciated.

I was going to post this exact thing. I must not be as dumb as I thought if Mr. Smith said it.

What does baffle me is that nobody makes a traditional motoryacht these days. The convertibles still follow the same basic design they always have, but the "motoryachts" of today are all these weird ass looking things that have stubby bows and a wimpy little helm station tucked away in the corner of the flybridge. It's like all the companies flocked to a 33' 1977 Carver Mariner for design inspiration.

 

[saltshaker]

Well, it's called depreciation. And it's old. At the end of the day, it still is a 35yr old boat, regardless of condition.

Yes but there always was a bottom. You'd think a decent 53 Classic would always be worth something. Problem is that something number has fallen significantly over the past few years and it's more than just the fact that the boats are older.

Just as a rising tide raises all ships a few bad apples will bring the whole market down. Dosent help that higher priced ones are close to newer ones that have rapidly depreciated.

Exactly! How do you justify asking the same price for a refit '87 45C as the average ask of a '99 50C? Most buyers will opt for the newer boat. The prices are a bit stronger than they were a few years ago but that's mainly for the late '90s and up boats, with an emphasis on the "up". I was contemplating a move to a series II 60C but the deals on those are long gone. The cheap ones are shot and still in the low to mid $500K range.

 

[Pascal]

I was going to post this exact thing. I must not be as dumb as I thought if Mr. Smith said it.

What does baffle me is that nobody makes a traditional motoryacht these days. The convertibles still follow the same basic design they always have, but the "motoryachts" of today are all these weird ass looking things that have stubby bows and a wimpy little helm station tucked away in the corner of the flybridge. It's like all the companies flocked to a 33' 1977 Carver Mariner for design inspiration.

There are some traditional MY builders, Fleming for instance, or even Vicem, sabre, east bay, Grand Banks. Some classic boat shoppers are also going to trawlers like Selene

Most mew boat buyers want those floating chlorox bottle and like it or not the "classic" hatteras MY are dated. The galley down for instance is a big NO for many buyers, especially buyers wives. It doesn't matter how well maintained they are they just don't appeal to many buyers and that's what s keeping the values down.

And when you re getting into the systems department, no matter how well built the hulls are, people are worried about 30, 35, 40 year old electrical. I ve been re wiring the AC electrical on my boat and found some really scary stuff like butt connectors wrapped in electrical tape in what appear to be original wiring. Not that the master air con pulls too many amps, right... And that's all non tinned copper using non standard colors like black for neutral.

And from what I can see, it s original, unmolested stuff dating back to 1970. Sure it was still working but cna you blame buyers to worry about this?

 

[saltshaker]

The 60s and 70's Hatts had less than perfect electrical systems. MUCH improved in the '80s and up boats.

 

[Avenger]

Tell me about it!

 

[tom5518]

There are some traditional MY builders, Fleming for instance, or even Vicem, sabre, east bay, Grand Banks. Some classic boat shoppers are also going to trawlers like Selene

Most mew boat buyers want those floating chlorox bottle and like it or not the "classic" hatteras MY are dated. The galley down for instance is a big NO for many buyers, especially buyers wives. It doesn't matter how well maintained they are they just don't appeal to many buyers and that's what s keeping the values down.

And when you re getting into the systems department, no matter how well built the hulls are, people are worried about 30, 35, 40 year old electrical. I ve been re wiring the AC electrical on my boat and found some really scary stuff like butt connectors wrapped in electrical tape in what appear to be original wiring. Not that the master air con pulls too many amps, right... And that's all non tinned copper using non standard colors like black for neutral.

And from what I can see, it s original, unmolested stuff dating back to 1970. Sure it was still working but cna you blame buyers to worry about this?

What I meant to say was no one builds flush deck motoryachts today. Those are the yachts I grew up around. But, you are probably correct that the market isn't there for that style of boat today. I do love the styling of all the yachts you listed Pascal, they are beauties. I just wish somebody still made a flush deck.

I cannot blame anybody who doesn't want to own a 30-40 year old boat. Like you say, there are a lot of old systems and parts that will need attention.

 

[SKYCHENEY]

I still look at a new 50' boat for around $2M+- and think how you could buy a decent old 53 for less than 200k and put 500k into it and have a boat that is at least as good and in some ways better than the new boat for 1/3 the money. I realize that only a select few could do this due to the fact that they could never get the financing, but it does make sense if you had the cash. Unfortunately, those with that kind of cash probably will just buy the new boat and go boating.

 

[pizzazsdaddy]

Hey tom 5518

Don't even get me STARTED as to why NO MANUFACTURER has tried to produce a replacement for the Hatteras 53 in 25 YEARS!!!! NOT EVEN HATTERAS! FOR SHAME!!!! DOUBLE SHAME!!!!

Such "features" as "Raised Pilothouses" and "Rear-Mount V-Drive engines" have destroyed the entire concept of mid-size motor yacht design AND FUNCTION, partly because the consumer hasn't been offered something better or more comfortable IN 25 FREAKIN' YEARS!!!! THE CURRENT BUYER DOESN'T KNOW ANY BETTER!!!! DOUBLE DUH!!!!

Like I said...don't even get me STARTED on this topic!!!

 

[Boatsb]

Line up 12 people to buy a 53 MY and here the financing ready. I'll get someone to build it if you guarantee me 12 boats in the next 2 years.

 

[pizzazsdaddy]

YO SKYCHENEY

You are absolutely right! Unfortunately, the current buyer today hasn't got a clue as to why a "fully restored" or "maintained in pristine condition" old Hatteras is really "worth"...or what the Hatteras 53 represented to the history of American Yachting. SHAME ON THEM!!! It is the best "VALUE" in all of boating...Unless you don't understand the animal...

Look...If Hatteras still built the 53 (or a version thereof) today...the price tag would top $3 Million. Which means a "Survey Perfect" "Truly Pristine" Hatteras 53 should be worth $300,000....or 10 cents on the dollar VS NEW...

Anyone who thinks "RECYCLING" is important...Think about this...You can "RECYCLE" an old 53 Hatteras, for about 1/3 the cost of ANY NEW BOAT IN THE WORLD!

 

[tom5518]

Re: FS: 1980 Hatt 53MY. MAJOR price reduction. $110,000

I still look at a new 50' boat for around $2M+- and think how you could buy a decent old 53 for less than 200k and put 500k into it and have a boat that is at least as good and in some ways better than the new boat for 1/3 the money. I realize that only a select few could do this due to the fact that they could never get the financing, but it does make sense if you had the cash. Unfortunately, those with that kind of cash probably will just buy the new boat and go boating.

It's the nature of the market for boats. The truth is most people get into it and are out of it and onto some other leisure activity after a few seasons. They also think they are a genius for buying a new Sea Ray or Carver with a 15 or 20 year loan on it. They also don't know the first thing about how to fix anything. They wouldn't want to get those new Topsiders they bought at the ships store dirty.

 

[krush]

What I meant to say was no one builds flush deck motoryachts today. Those are the yachts I grew up around. But, you are probably correct that the market isn't there for that style of boat today. I do love the styling of all the yachts you listed Pascal, they are beauties. I just wish somebody still made a flush deck.

Flush decks are not very practical for most boaters. No cockpit and having to climb down a later to a tender is not user friendly. I wish hatteras made more raised pilot houses with some sort of cockpit. There is a reason they are "in style"

 

[Pascal]

No reason you can't have a flush deck with a cockpit (like a YF) or a big swim platform with steps instead of a ladder.

The flush deck is the most possible practical design as you don't spend your days going up and down steps and you have direct access from the helm to th side decks for line handling. Nothing else comes close for practicality.

It also gives you much more space down below as the lower deck extends all th way thru the stern.

Problem is that it is hard to make them streamlined, euro looking, etc... Which is why they ve basically disappeared.