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Old 06-24-2014
Classic30's Avatar
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Re: Incredible Restoration and Sailing Yacht

Originally Posted by casey1999 View Post
I was not refering to making a profit, or even breaking even, or even not losing "too" much on the sale. I was just surprised that the couple spent somthing like 6 years from original purchase to finally sailing the yacht, and then to sell it after only two years.
It's very sad but, maybe, having spent so much time and money fixing it up, they couldn't afford to maintain it... in the condition expected by both themselves and the general public.

By example: The key classic gentleman's racer in these parts, the lovely 1895 Fife SAYONARA, has a paid part-time "manager" who spends at least a day a week looking after the boat.
"Honestly, I don't know why seamen persist in getting wrecked in some of the outlandish places they do, when they can do it in a nice place like Fiji." -- John Caldwell, "Desperate Voyage"

Last edited by Classic30; 06-24-2014 at 10:17 PM.
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Old 06-25-2014
Bristol 45.5 - AiniA
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Re: Incredible Restoration and Sailing Yacht

I suspect that owner can afford the upkeep. Note that he still had his first classic yacht which seemed a much more practical boat to own. After you have taken Lulworth in all of the glamour regattas a few times what do you do with her. It could easily be that the satisfaction of owning this boat is not nearly as great as that that came from doing the restoration.

To clarify, I can neither confirm nor deny rumours that suggest that I am currently in negotiations to purchase Lulworth.
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Heading back to Lake Ontario for this summer. Relatively few stops along the way from Grenada. Martinique, Guadeloupe, St. Martin (must have something to do with the French food), then Bermuda, New England and up the Hudson/Erie Canal. We were going to go via Newfoundland and Labrador but June remembered that one of the kids is getting married this summer - details, details!
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Old 06-25-2014
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Re: Incredible Restoration and Sailing Yacht

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:
In the beginning, there was only water...

Last edited by casey1999; 06-25-2014 at 02:48 PM.
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Old 06-27-2014
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Re: Incredible Restoration and Sailing Yacht

I can't even imagine such an undertaking... For me, I take grim pleasure in doing things myself, but at the same time it would be nice to have a bottomless bank account and have a team of dozens of skilled workers to do many of the monotonous tasks involved with such a massive project. Then I could swoop in and do one plank, and pay one seam without getting bored.

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