... in the 100k range, a broker is making max $10k commission. May seem like a lot to you and I, but not to those guys. They're only picking up the BEST MAINTAINED CLEANEST listings that are likely to sell quickly....
This nails it. the first 5 years there is depreciation. 5-10 years condition starts to matter. After 10 years much of the equipment is into a replacement cycle, so condition is everything
. If the owner does only the barest minimum, the boat continues to depreciate right off the bottom of the cliff, like a car. If the owner replaces and refits as needed, then depreciation nearly stops, because deterioration stops, like a house (I'm not sure the house actually goes up in value, it is the underlying real estate that does).
* The hull will last virtually forever.
* The mast will last a very long time.
* The interior, like a house or fine furniture can last a long time with care, varnishing, and reupholstered as needed.
* Engines are replaced (mine are new).
* Rigging and blocks are replaced as needed.
* Systems (AC, windlass, pumps) are replace as needed.
But keeping a boat to that standard requires effort and expense.