What's a Boat Worth?

[thompsonisland]

So, here's an impossible, but entertaining, question. How do you value a used boat? Some boats are stock designs and there are millions of them and they are easy to value. But we sail old wooden boats; over our history we've had a 24' Colin Archer design, a few various little things, and our current 37' Crocker. When I look at listings for boats like these, they seem pie-in-the-sky. Our current boat listed for 6x+ what we paid. Granted, we replaced a floor timber and she'd been on the hard for a few years, but we're up to that sort of thing. Anyway, is it outrageous to watch a listing for a few years and then offer a minute fraction of the ask? Seems to me boats are worth either 1) a lot, or 2) almost nothing. All these $250k woodies, does anyone buy them?