There were some phenomenal deals on superyachts to be had in 2009 -- if you had the ready cash. Nobody was writing loans.
It is very sad what has happened to the economy, but nobody caused it.I wouldn't wish this on anyone, but I don't see the inquiry as beating down prices, any more than recognizing the stock market is down. It's just a fact of supply and demand now.
In fact, the brokers of boats I've kept in touch with have been quite aggressive in their pitch that the owners they represent would be happy to negotiate down. They expect to get it back on the buy side.
, it astounds me the way that production sailboats hold their value compared to production powerboats.
- 2005 Hunter 33, base price $89,100 - average retail $49,100 > this is 45% depreciation over the last 15 years
- 2005 Hunter 36, base price $124,290 - average retail $67,800 > this is 46% depreciation over the last 15 years
- 2007 Sea Ray Sundancer 310, base price $169,119 - average retail $67,750 > 60% depreciation over the last 13 years
- 2004 Carver Mariner 36, base price $276,407 - average retail $84,500 > 70% depreciation over the last 15 years
Social status purchases are easily criticized. I criticize too. However, they make up a part of demand that creates viable production and price support. Say they're only 10% of purchases, that could be the difference to whether the product is made at all. Say the big flashy boat isn't made anymore, the entire company may go under and the modest one isn't made either......Same thing with a car. If a $25,000 car takes you back and forth why spend $50,00. Is social status really that important to you? If so go ahead, it’s your money.....