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T&T: RE: Auctions (was Water in transmission)

From: Bob Austin (no email)
Date: Sun Dec 05 2004 - 15:33:58 EST

  • Next message: Bob Austin: "T&T: Lehman waterpumps"

    No I did not get the 56. As I noted I had a limit. The asking price of an
    identical boat on the internet was $349,900--had slightly larger engines. Of
    course it had no history of damage that I know of.

    My maximum bid was $150,000. This was based on the probably selling price of
    the one advertised (and the history of selling) of around $300,000.

    The hull paint would cost $30,000. The teak restoration and new SS stenchons
    would run about $3000. Anchors, rodes and fenders about $3000, Figure
    $8,000 for the transmissions. If the engines had to be done, probably $15,000
    each. The Appliances and air conditioners would run at least $15,000. New
    carpet, upholustery, furniture would be in the $5,000 range. Finishing the
    hull repair and inside painting and varnishing, plus cleaning another $5,000.
    Then add in a Davit--$2000 to $5000.
    The Electronics--at least 25,000. Then some pumps, motors etc probably would
    have to be replaced. So somewhere near $110,000 to fix the boat up.

    That would have meant I would have had about $260,000 into a boat worth around
    $300,000 (actully less, since I would do some of the work--and can generally
    get things done for less than a shipyard). However the boat had been
    sunk--and that might make a difference in future value.

    The boat opend at $100,000, quickly jumped to 125, then 175 and finally
    200--large and quick leaps. I was in at first---but quickly realized that It
    was going out of my comfort zone. The buyer appeared to be from Mississippi
    and he had a professional (Skipper or surveyor) doing the biding. The other
    majorThe bidder was on the phone to the Company which was doing the auction
    and droped out at $175. The winning bid was $200,000. By my calculations he
    will have over the value of the boat in it before he has completed
    restoration. My gues is that the boat will be a Condo queen in Biloxi. The
    buyer did not look like a pasagemaker, but I could be wrong.

    As to the question abou the hulls. There was not a lot of difference.
    Generally the chopper gun consurction with poor resin saturation did not fair
    any where near as well. The best were hand laid, with vacuum bag technique.
    Cores do do not do as well as the solids--there is much less glass on the
    outside.

    The Camano troll had at least one "impression" where it had hit a piling.
    There was a minor scrape mark on the outside, but if you sited the hull, it
    would show an indentation where the core had been crushed. We discussed this
    and our conclusion is that any idnented are should be ground out and
    repalinated. The fear is that there is some glass fracture (where is that
    ultrasound meter when I need it!) and probably separation from the core. Foam
    cores seemed a bit better than end grain bolsa wood.

    Generally the Tawiwan boats did as well as any (one exception was that there
    was an ultra fast boat with three 600 hp engines-and the boat was Kevlar--it
    did very welll.

    Even the super thick Willard 30 foot sailboat had a good size hole--no
    delamination beyond.

    Regards

    Bob Austin
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