that a few years ago, when looking to buy a house, after a few months of watching the market I had enough knowledge to have a pretty good guess at what a house would sell for at auction
. That was enough time to develop the confidence to bid for myself.
Yachts, I'm discovering, are a whole different kettle of fish!
I've been researching the used boat
market for many months now, trying to develop a deeper appreciation of why one boat is worth more than the next – and I'm still frequently perplexed.
Now it's true this is all desktop research
and I don't necessarily know the final selling price
(just the advertised price) but I'm still amazed that two boats that seem nearly identical in terms model, year of manufacture, fittings etc, can have widely divergent asking prices.
Until I get better at valuation I'm quite hesitant to become a serious bidder. Do others find this as perplexing as I do and does anybody have any advice about learning
all this? Are there any rules of thumb to know or are there any good articles, books
I'd appreciate any advice..
By the way, if it relevant I'm looking for a cruising yacht, around the 40ft mark.