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Old 10-23-2013
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Re: Largest liveaboard *ever* sells for US .01

Originally Posted by jzk View Post
How is it possible that it sold for a penny? This is supposed to be OUR money. Ships normally command substantial scrap value.
These things are always sold by auction. There aren't a lot of places that can do something this size and legally handle all of the hazardous materials on something like this. Obviously there was only one taker. Beats having to continue to pay storage/maintenance costs or having to pay someone to take it. Most large commercial ships get sent to 3rd world countries to be chopped up because they don't have to worry about OSHA or the EPA. They drive up the costs substantially.
Ludington, Michigan - Lake Michigan
1971 Ericson 32 Hull # 193
1974 Catalina 22

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