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Old 19-06-2019, 20:01   #1
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98’ steel rob Ladd project boat

I just saw this boat when we brought in our Hinkley to be sold. The yard let me walk through it. Apparently she has been sitting on the hard in the same spot for over a decade now, untouched. There are some rust spots including a hole on one side of the boat. The deck is teak over plywood and all needs to be replaced. The boat is pretty bad, but if someone could return her to her former glory, then WOW what a sailboat! I’ve refit a 50’ fiberglass boat. Could this be that much worse? The yard said there has been zero interest and $50k would probably buy her. What do you guys think? Is she worth anything? Or run run run?!

https://www.yachtworld.com/boats/198...utter-3513144/
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Old 20-06-2019, 00:37   #2
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Re: 98’ steel rob Ladd project boat

Buy it for buttons and scrap it selling off the hardware. Probably take a year to do but make an interesting project.

The refit costs would likely be more than a new one if you tried to fix it up and you would still have an old boat.

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Old 20-06-2019, 02:04   #3
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Re: 98’ steel rob Ladd project boat

Sheesh! If they gave you 50 K you might break even scrapping and parting it out.

It is always sad to see a once proud yacht composting, but really, if there were true value there it would not be languishing. Plenty of clued up guys wandering the waterfront, and no one nibbling. Might be a clue !

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Old 20-06-2019, 02:10   #4
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Re: 98’ steel rob Ladd project boat

Greetings and welcome aboard the CF, Banderson.
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Old 20-06-2019, 02:59   #5
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Re: 98’ steel rob Ladd project boat

It looks like they could not be bothered grinding the welds flush below the waterline? She sounds well used so I imagine all that equipment is probably needing rebuilt as well........
Did you say the yards giving you 50g for doing them a favour by getting rid of her?
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Old 20-06-2019, 04:50   #6
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Re: 98’ steel rob Ladd project boat

Run Forrest Run......doing the work yourself could run another decade, and still the costs might run into a half million to do. Paying the yard would run a whole lot more...
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Old 20-06-2019, 05:03   #7
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Re: 98’ steel rob Ladd project boat

you could soon become a millionaire owning a boat like that,but you would need to start off as a multi-millionaire when you bought it..............
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Old 20-06-2019, 08:34   #8
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Re: 98’ steel rob Ladd project boat

Looks like my kind of project but I'm a sucker and an idiot when it comes to boats. Emotions can be very expensive.
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Old 20-06-2019, 09:22   #9
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Re: 98’ steel rob Ladd project boat

OK, so you buy it, put $1,000,000 into it and have a fantastic yacht. What then? You need a professional crew of at least six and a place to dock it. Going for a sail involves instructing the crew to get under way while you just sit there and relax - lord of the manor.

Not my cup of tea.
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Old 20-06-2019, 11:42   #10
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Re: 98’ steel rob Ladd project boat

I saw a 70' wooden sail boat at the Georgetown SC Wooden Boat Show some years back which was being reconditioned by a multi-millionaire. He was doing the job himself with the help of a friend. He did not seem overly concerned with the project.
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Old 20-06-2019, 12:46   #11
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Re: 98’ steel rob Ladd project boat

If it flirts, flies or floats, we probably can't afford it--but we get involved anyway--

But this one is a losing proposition from my limited experience in neglected vessels.

It may also owe a lot of money--which as the new owner becomes your problem.
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Old 20-06-2019, 13:14   #12
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Re: 98’ steel rob Ladd project boat

Quote:
Originally Posted by Banderson View Post
I just saw this boat when we brought in our Hinkley to be sold. The yard let me walk through it. Apparently she has been sitting on the hard in the same spot for over a decade now, untouched. There are some rust spots including a hole on one side of the boat. The deck is teak over plywood and all needs to be replaced. The boat is pretty bad, but if someone could return her to her former glory, then WOW what a sailboat! I’ve refit a 50’ fiberglass boat. Could this be that much worse? The yard said there has been zero interest and $50k would probably buy her. What do you guys think? Is she worth anything? Or run run run?!

https://www.yachtworld.com/boats/198...utter-3513144/

Run. I own a steel boat. If you are the da Vinci of welder/fabricators and own a 60 foot shed, a private income, and are 35 years old, offer $10K and spend the next five years unbuggering it. Otherwise, run.
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Old 20-06-2019, 13:43   #13
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Re: 98’ steel rob Ladd project boat

It would definitely take a lot of money and labor to bring her back. You guys who own steel boats, are the rusty areas that big of a deal? With the rust hole in the side of the boat can you just cut out the old metal and weld in new?
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Old 20-06-2019, 15:01   #14
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Re: 98’ steel rob Ladd project boat

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Originally Posted by Banderson View Post
It would definitely take a lot of money and labor to bring her back. You guys who own steel boats, are the rusty areas that big of a deal? With the rust hole in the side of the boat can you just cut out the old metal and weld in new?

Welding in hull patches is fine if one doesn't mind tearing out the interior. The thing that normally reduces starry eyed dreamers to tears is the more than likely associated mess in the (usually) inaccessible bilges (see image).
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Old 20-06-2019, 15:03   #15
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Re: 98’ steel rob Ladd project boat

I don’t think I have the budget to restore that winch, never mind the rest of it...
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