Join Date: Mar 2006
Thanked 4 Times in 4 Posts
Rep Power: 10
Re: Difference between asking price and what boats are actually going for
Unfortunately for us owners, the brutal truth is the lowest denominator tends to set the market. So the 10-20 y.o. boat with no electronics, no AC, original equipment sails, standing rigging and most of the original running rigging and other questionable maintenance that sells for $X becomes the benchmark for that model and buyers don't want to pay $X+30% for the same boat even one that has 3 year old sails, new standing rigging, new electronics etc, even though it would cost them several times that to buy the benchmark boat and bring it to the same condition as the better maintained boat.
s/v Palmetto Moon
1991 Catalina 36
Last edited by PalmettoSailor; 09-03-2012 at 05:24 PM.