These days old abandoned yachts can be bought for a fraction from the asking price
but even so the problem is to know if they deserve the money
one is spending in restoring them.
Some days ago a friend, well it is now a friend, bought on the shipyard I have my boat a good old 37ft for 6000 euros. The mast
as well as the hull
seems to be in reasonable condition and the boat is remarkably modern for its age. An old race
winner, it weights only 4700kg. Of course the interior
needs a renovation
but if one does not care about that it would allow one to cruise
in it, except for a new stove.
The boat was someones love affair but the guy is now too old and sick to sail and the boat was on the hard
for the last 5 years with bills to pay regarding parking.
I believe we will see in the future an exponential number of boats like this selling for almost nothing.