Join Date: Feb 2000
Location: Annapolis, Md
Thanked 439 Times in 369 Posts
Rep Power: 10
Re: Fraser 50 pilothouse help
Here is the deal, no matter how well built the hull and deck may have been, this is a very big boat and so everything will cost a lot of money simply because everything is bigger. When you look at the pictures and the listing (and the pictures may not reflect the reality of the boat for better or worse, and the listing may be incomplete) you see a boat that had a questionable build-out and a really poor maintenance. If the pictures tell the story, to put this boat into shape would be essentially building a kit boat from scratch, except that you have to tear out and dispose of a lot of bad stuff. Whatever is salvageable and reusable, will be offset by the sheer amount of labor and materials to remove, rebuild and reinstall it all again.
The pictures seem to show a boat with undersized winches, antiquated electronics, a beat to death (and maybe submerged) engine. The listing only describes a mainsail (in fair condition which on boat this size equals shot)
And this is a pretty mediocre and somewhat out-of-date design, so its value will always be limited by the limited market for obsolete designs this big. I would have to think that in perfect shape the boat is maybe worth $100K and maybe $150K in like new yacht finish condition.
But rebuilding a boat this size means a whole lot of money flowing, so much so that the boat as it sits almost has a negative value if you simply add up the big things on a boat this size it appears to need (and assuming you do a lot of the labor yourself) :
New sails $25K
Materials to paint and repair the deck and rebed hardware, replacing what is bad: 10K
Adding proper sized winches and deck hardware: 15-20K
Upholstery materials: 15K
Enough marine grade plywood and trim to do a half way decent interior: $10-$15K
Rebuilt engine and transmission : $15-20 K
New electrical system with panel, lighting, voltage regulators: $10-15K
New standing and running rigging: $15-20K
New plumbing: $2-3K
Storage for the years that it would take to do the job, something like $10-15K.
You can pretty quickly see why people would advise you to run the other way. If you were an army of skilled boatwrights and who had access to a great shop and discount buying power, if you could make your own sails, and had access to a really topnotch marine hardware salvage, or owned a 50 foot boat that was wrecked in a storm and could salvaged most of it, you might be able to begin to make sense out of this. But even then there are some great boats out there that could be bought ready to go for way less than putting this wreck into shape.
You might luck out on some of these items but to quote Dirty Harry, "How lucky do you feel?" For most experienced sailors, this is Russian Roulette with 5 rounds in the chambers or maybe Russian Roulette with semi-automatic pistol with rounds in the clip.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Curmudgeon at Large- and rhinestone in the rough, sailing my Farr 11.6 on the Chesapeake Bay
Last edited by Jeff_H; 09-06-2018 at 08:35 PM.