Bargain boats at auction

We are currently at Spicer's Marina in Noank, CT and they had an auction this morning to get rid of abandoned boats. A Pearson 26 sold for $500 and a Dufour 30 went for $100!!. These boats were tired but certainly did not look beyond the possiblity - especially when you start out with purchase prices like these. I think there are a very large number of these boats out there and there will be some serious bargains to be had and not a few dumpsters to be filled when these relatively inexpensive boats are cut up when no buyer can be found.