This ad (Note it is 4 years old) indicates the 2006 renovation cost $15mill, I would have thought it would have cost a lot more, especially considering all the dry docking and yacht shipping/moving required:
Lulworth Yacht for Sale - White Brothers Luxury Sail Yacht
Lulworth Yacht for SaleYachtBusiness | November 26, 2010 8:33 pm
"If you’ve got the money you can get a beautiful new white and shiny yacht, or you can step back into the past with a sailing yacht like Lulworth. We first saw Lulworth in 2006 after her major refit but the yacht was built in 1920. The yacht was put back in the water after 70 years and a 15 million euro renovation. The 152-foot teak beauty is listed at 19.5 million euros?"
And this ad indicates she just went on the market for a bargin price:
Camper & Nicholsons signs classic sailing superyacht Lulworth for sale
"Camper & Nicholsons signs classic sailing superyacht Lulworth for sale
4 June 2014 by Malcolm MacLean
News in overnight from Camper & Nicholsons that Mark Hilpern has signed the 46.3m classic sailing yacht Lulworth for sale.
Classic sailing superyacht Lulworth is for sale
Lulworth was built in 1920 using mahogany planking on steel frames by UK yard White Brothers to a design by Herbert White and was rebuilt in 2006. Accommodation is for eight guests in four cabins. The master cabin is spacious with a double bed on the starboard side and a single on the port side with ample natural light and fresh air from the large skylight above. At the same level on the starboard side of the yacht is a spacious single cabin, which has direct access to a double and directly opposite on the port side is an almost identical double cabin.
The main saloon is a large space with a beautiful skylight above, a couch on the port side and the main dining table to starboard. Throughout this deck natural light and air are abundant coming through the many skylights. Immediately forward of the saloon is the galley, easily accessible and with good access to the main deck through the crew quarters, which are situated at the bow of the boat.
Available to view in Italy, Lulworth is asking €10.8 million."
Here is yacht world ad: