Re: Terrifying Spencer 42' - Should I buy?
I would say it MIGHT be a good buy but you do need to get someone who knows his way around wooden boats to check that the hull is sound. I am assuming it is wood from the interior shots.
A professional survey might be worthwhile.
If the hull is OK, the rigging and sails have some life left and it has a running engine then at 7 to 10 k it is a lot of boat.
Get someone with experience to go sailing with you the first few times. It is not rocket science, practice docking somewhere you can't hit other boats as it is harder than sailing.