Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 27-07-2009, 09:03   #1
Registered User
 
rossir's Avatar

Join Date: Aug 2006
Location: CT, USA
Posts: 39
Yachtworld - Same Boat, 2 Different Prices?

Can anyone shed light on this little discrepancy I found on Yachtworld? These 2 listings are both current:

1996 Jeanneau 36.2 Sail Boat For Sale - www.yachtworld.com
Price at $105k, last updated 6/26/09

1996 Jenneau Sun Odyssey 36.2 Sail Boat For Sale - www.yachtworld.com
Price at $65k, last updated 7/25/09

From the photos posted on Yachtworld, they seem to be the same boat, yet they are 38% apart in price. My take is that the owner has now lost the boat to the bank, as the 2nd listing is with a liquidation company.

If this is correct, I am wondering if anyone is seeing other listings like this, or perhaps an overall pickup in bank-led liquidations.
__________________

__________________
rossir is offline   Reply With Quote
Old 27-07-2009, 10:40   #2
Registered User
 
Kefaa's Avatar

Join Date: Sep 2008
Location: Eastern PA
Boat: Island Packet 31 (35'), Black Squirrel
Posts: 239
Misprint at Yachtworld?

I was going to comment on the emotion around boats and how some people feel that theirs is always worth more...

However, it appears that Yachtworld has an error in either the conversion or the carry over. Look at this page Browse Jeanneau 36.2 boats for sale

Then select the boat from Glenn Cove and you will see $105,000 US. Yet, the listing about showed it as US $63,884.

Best in this case to call the broker. If you find it is that big a gap - I can go back to the first sentence. lol.
__________________

__________________

Kefaa is offline   Reply With Quote
Old 27-07-2009, 10:43   #3
Senior Cruiser
 
Cheechako's Avatar

Cruisers Forum Supporter

Join Date: Aug 2006
Location: Skagit City, WA
Posts: 19,365
If you track a given boat over time, you will often be able to see the reductions in price. (that's a big one there!) You may have to search deeper in the Google pages/history to find it though. It depends on if there is a separate google page for that boat or not I think.... not sure. It's not real unusual to see a boat sell at 40% below the optimistic first listing price! I think you may be correct though, that's a repo or a fire sale before it becomes one!
__________________
Cheechako is offline   Reply With Quote
Old 27-07-2009, 11:31   #4
Registered User
 
cdennyb's Avatar

Join Date: Jun 2007
Location: Northern California
Boat: finally a catamaran dive boat...
Posts: 505
Send a message via MSN to cdennyb Send a message via Yahoo to cdennyb Send a message via Skype™ to cdennyb
If you look at who's offering it originally it was a marine center, (brokerage) then the last listing is a liquidation center. (Repo). That's my take on it.
__________________
the perfect dive boat is one you're on...
cdennyb is offline   Reply With Quote
Old 27-07-2009, 11:40   #5
CF Adviser
Moderator Emeritus
 
TaoJones's Avatar

Cruisers Forum Supporter

Join Date: Dec 2006
Location: Montrose, Colorado
Posts: 9,850
I think rossir's analysis in the first post is probably correct - boat was repo'ed between the two listings. If that's true, the brokerage listing would be null and void, most likely, as the listing party with whom they had an exclusive listing is no longer in possession of the vessel (so it's no longer his to sell.) The party currently in possession (bank, loan company, etc.) then, apparently, gave the listing to the liquidator.

It would be interesting to contact the broker to see if they claim to still represent the offered vessel.

TaoJones
__________________
"Your vision becomes clear only when you look into your own heart. Who looks outside, dreams; who looks within, awakens."
Carl Gustav Jung (1875-1961)
TaoJones is offline   Reply With Quote
Old 27-07-2009, 11:41   #6
Senior Cruiser
 
nautical62's Avatar

Cruisers Forum Supporter

Join Date: Jul 2008
Location: Live Iowa - Sail mostly Bahamas
Boat: Beneteau 32.5
Posts: 2,264
Images: 12
There are many things that line up to indicate they are the same boat: year engine hours, etc. I felt the fact they have the same name, written in the same style, was fairly indicative as well.

I agree with the above posts. Many boats are initially listed with high prices, but the owner begins to learn as it just sits. I looked at a Morgan OI 30 that initially listed on yachtworld at 26K, then 22, then 18, then 16. The owner accepted my offer of 11.5 which I ended up walking away from. A repo would certainly be cause for a price drop as well. Other boats are listed with much more realistic prices right off the bat. Focus on the value the boat has to you, not the drop in asking price.
__________________
nautical62 is offline   Reply With Quote
Old 27-07-2009, 15:54   #7
Registered User

Join Date: Apr 2008
Location: Manchester Washington
Boat: Irwin- Barefoot 37CC (Custom MK V) "Quest"
Posts: 159
I think there may be a misunderstanding between British Pounds and US dollars

Joe S
__________________
svquest2 is offline   Reply With Quote
Old 27-07-2009, 17:04   #8
Registered User
 
Arch Stanton's Avatar

Join Date: Mar 2008
Location: Olympia, WA
Boat: San Juan 28
Posts: 214
I don't think it's the case here, but a lot of times Yachtworld ads will use "sister ship" pictures rather than a picture of the actual boat for sale. Something to watch out for.
__________________
Arch Stanton is offline   Reply With Quote
Old 27-07-2009, 19:42   #9
Registered User

Join Date: Apr 2008
Location: Manchester Washington
Boat: Irwin- Barefoot 37CC (Custom MK V) "Quest"
Posts: 159
Here is the ad with both Pounds and Dollars

1996 Jeanneau 36.2 Sail New and Used Boats for Sale - uk.yachtworld.com

Joe S
__________________
svquest2 is offline   Reply With Quote
Old 28-07-2009, 05:00   #10
Registered User
 
svHyLyte's Avatar

Join Date: Mar 2006
Location: Tampa Bay area, USA
Boat: Beneteau First 42
Posts: 3,434
Images: 25
FWIW the later ad was placed by a liquidator and in the photos, some of the personal property does not appear. I suspect the yacht may have been repossessed and is being offered for sale at the outstanding indebtedness plus charges. It would be a good deal for a buyer but a sad loss for the original owner. In any case, an email to the listing party will tell the tale.
__________________

__________________
"It is not so much for its beauty that the Sea makes a claim upon men's hearts, as for that subtle something, that quality of air, that emanation from the waves, that so wonderfully renews a weary spirit."
svHyLyte is offline   Reply With Quote
Reply

Tags
price, sale, yachtworld

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Alternatives to Yachtworld.com? jens_elsborg Monohull Sailboats 23 01-09-2016 07:29
Yachtworld Asking Prices VS Actual Sale Price - or What is the Markup ? talus Dollars & Cents 108 06-08-2012 15:06
YachtWorld.com Search Problems Norm Off Topic Forum 2 31-05-2009 13:10
steel hull boat prices? RRR Monohull Sailboats 7 25-09-2008 17:03
NADA Vs. Yachtworld jkirstein Monohull Sailboats 6 02-07-2007 17:27



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 00:30.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.