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Incredible Restoration and Sailing Yacht

Found this on the net. Incredible restoration and look at the speed she sails- magnificent. It is nice people who have the money, can and do restore such works of art. Much better return on investment as compared to wine, women, and rock and roll:

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Re: Incredible Restoration and Sailing Yacht

Incredible is the right word, thanks for posting.

John
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Re: Incredible Restoration and Sailing Yacht

Love these beautiful old boats. Thanks for sharing.
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Re: Incredible Restoration and Sailing Yacht

Works of art they are and slow they definitely are not.

If you want to see more a quick search on "panerai classic yachts challenge" will bring up plenty of eye-candy to feast your eyes on.
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Re: Incredible Restoration and Sailing Yacht

That was great, thanks for sharing.
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Re: Incredible Restoration and Sailing Yacht

Watching now, and impressive beyond words. Thanks for the share!
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Re: Incredible Restoration and Sailing Yacht

Wonderful that some people have the vision and the deep pockets to save these classic yachts. Here in Vancouver there is a worthy project for young blood with a dream. It's doable and if I were to do it again this would be more vessel than I could ever hope for. 60' gaff cutter .All teak, Sailable. Gardner, needs a haul out, decks recaulked and a bunch of varnish .interior clean and oh so classic . Owner had a dream but cancer got in the way.She's at the Maritime Museum docks and worth a look even if you're just a dreamer.
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Re: Incredible Restoration and Sailing Yacht

This ad seems to indicate Lullworth went up for sale 2 years after the restoration in 2006. Price about 15,000,000 Euro- seem to be a bargain, that restoration must have cost tens of millions I would have thought.

Lulworth Yacht for Sale | LUXUO Luxury Blog

World renowned luxury yacht agents Fraser Yachts recently added the wonderful 46m (151′) S/Y Lulworth for sale. Built in 1920 but wonderfully restored in 2006 to her former glory, S/Y Lulworth is available for sale with an asking price of Euro 14,950,000 through Richard Earp of Fraser Yachts, Monaco.
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Re: Incredible Restoration and Sailing Yacht

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Originally Posted by casey1999 View Post
This ad seems to indicate Lullworth went up for sale 2 years after the restoration in 2006. Price about 15,000,000 Euro- seem to be a bargain, that restoration must have cost tens of millions I would have thought.
There are many reasons people spend countless $$$ restoring classic yachts, but making a profit out of the exercise it is not* generally one of them. In fact, most people find it very difficult to understand that - until they actually sail on one. And Lulworth is certainly a yacht worth spending money on.

* = although this is the general rule, there are exceptions if you follow the fashion trends. For example: It's trendy in Europe at the moment amongst the rich and famous to race pedigree 6- and 8-metre class yachts, so if you just happened to come across an old Fife 8-metre languishing on it's moorings in some backwater somewhere and could get it for next to nothing, clean it up and ship it to Europe, you could make a very tidy sum indeed.

Be that as it may, no matter what form of sailing you may be in to IMHO you haven't actually sailed at all until you've held the tiller of a gentleman's racer circa 1900 on a sunny day with a stiff breeze...
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Re: Incredible Restoration and Sailing Yacht

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There are many reasons people spend countless $$$ restoring classic yachts, but making a profit out of the exercise it is not* generally one of them. In fact, most people find it very difficult to understand that - until they actually sail on one. And Lulworth is certainly a yacht worth spending money on.
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.
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