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04-03-2011, 16:42
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#1
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Registered User
Join Date: Mar 2011
Posts: 5
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Abandoned Catalac 10m
I was told the other day about a Catalac 10m (don't know the year) that was bought about 3 years ago by a Canadian from an owner in Florida. Apparently during the sail from Florida to Vancouver Island the mast and rigging were broken. Its now been tied up for 3 years and the owner hasn't visited (they apparently live in the middle of the country). Does anyone know any more details about this story?
Anyone have an idea of what a Catalac 10m with no mast/rigging that has been abandoned for 3 years would be worth on the market? Assume hull is fine, and that interior condition is average, and that engines are below average.
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04-03-2011, 17:02
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#3
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Registered User
Join Date: Jul 2006
Location: Massachusetts
Boat: Finnsailer 38
Posts: 5,077
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Re: Abandoned Catalac 10m
I think it's worth a lot less than that over here in the USA. Where's it located? My guess would be more like $10-$20K at the most, maybe less. Remember, it is a buyers market right now. And that sounds like a boat that nobody is going to be bidding on.
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04-03-2011, 17:04
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#4
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Registered User
Join Date: Mar 2011
Posts: 5
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Re: Abandoned Catalac 10m
Its located on Vancouver Island in Canada. The PNW market sets the prices in the area.
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04-03-2011, 17:09
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#5
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Registered User
Join Date: Jul 2006
Location: Massachusetts
Boat: Finnsailer 38
Posts: 5,077
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Re: Abandoned Catalac 10m
Sounds simplistic, but I always follow a friend's advice and it has worked for me. He told me that it is always appropriate to offer what the boat is worth to you, whatever the asking price might be. This has meant that sometimes I pay the asking price and other times I have offered much less. I explain my rationale and then move on if the seller doesn't like the offer.
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04-03-2011, 17:16
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#6
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Senior Cruiser
Join Date: Jan 2010
Location: PORTUGAL
Posts: 30,561
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Re: Abandoned Catalac 10m
An excellent Philosophy Kettlewell....
__________________
It was a dark and stormy night and the captain of the ship said.. "Hey Jim, spin us a yarn." and the yarn began like this.. "It was a dark and stormy night.."
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04-03-2011, 17:23
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#7
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Registered User
Join Date: Jun 2010
Location: Gig Harbor, WA
Boat: Prior boats: Transpac 49; DeFever 54
Posts: 2,874
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Re: Abandoned Catalac 10m
If the owners are paying moorage and have just given up on her, they may be anxious to deal just to get out from under the monthly moorage bill. Could be an opportunity for a really lowball offer but make sure to search the title thoroughly for ownership and liens in both US and Canada. Kettlewell's advice is sound IMHO... good luck... Capt Phil
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04-03-2011, 19:15
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#8
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Registered User
Join Date: Jan 2011
Posts: 17
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Re: Abandoned Catalac 10m
That is the boat I am looking for......any info on who owns it?
Thanks
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04-03-2011, 19:33
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#9
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Registered User
Join Date: Sep 2008
Location: Toronto, Canada on Lake Ontario
Boat: Roberts Offshore 38
Posts: 1,287
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Re: Abandoned Catalac 10m
If its been registered in Canada (IE it has a name and no numbers) then you can look it up if you can find out the name. Goverment web page has a search for names which will give you all the info you need.
Sabre
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04-03-2011, 19:44
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#10
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Registered User
Join Date: Aug 2007
Location: Clear Lake Marine Services - Seabrook, Texas
Boat: Gulfstar, Mark II Ketch, 43'
Posts: 2,359
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Re: Abandoned Catalac 10m
Value depends on the year. Have seen them for around 40k, and some a lot higher, it all depends on year. Check Boats for Sale, New and Used Boats and Yachts - YachtWorld.com for prices for the year pricing and if the rest of the boats good, offer half that or less.
__________________
Formerly Santana
The winds blow true,The skies stay blue,
Everyday is a good day for SAILING!!!!
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04-03-2011, 19:44
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#11
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Registered User
Join Date: Mar 2011
Posts: 5
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Re: Abandoned Catalac 10m
AMX - I'm seeing it next Sunday. I call 'dibs' because I'm the one who found it. If it doesn't work out for me, I'll let you know whatever details I get.
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04-03-2011, 19:55
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#12
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Registered User
Join Date: Jan 2011
Posts: 17
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Re: Abandoned Catalac 10m
Thanks, please take pictures even if it is junk.
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04-03-2011, 19:57
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#13
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Registered User
Join Date: Jun 2010
Location: Gig Harbor, WA
Boat: Prior boats: Transpac 49; DeFever 54
Posts: 2,874
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Re: Abandoned Catalac 10m
If the prior owners are out of country, it is a good idea to run a search through the USCG or their state of residency. I have had several clients who were purchasing vessels both in the US and offshore and found it was important to search a number of different jurisdictions. While there is a cost involved, it might be worth it to engage a marine attorney to run the searches for you. If something goes awry down the track and you have made a 'good faith effort' to establish ownership and liens prior to purchase, you should be OK. One offshore client purchased a US documented vessel outside his country of residency and we found that there was lien against the vessel filed in Barbados even though the current owner, a US resident, claimed the boat lying in Mexico was owned free and clear. Just a word of caution, don't believe all representations of the current owner. Trust, but verify... cheers, Capt Phil
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06-03-2011, 11:15
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#14
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Registered User
Join Date: May 2008
Location: Vancouver, BC & Seattle, WA
Posts: 639
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Re: Abandoned Catalac 10m
BC Cat. Is this the one that was dimasted in the Gulf of Mexico on delivery back in 2008?
__________________
I'm On point, On task, On message, and Off drugs. A Streetwise Smart Bomb, Out of rehab and In denial. Over the Top, On the edge, Under the Radar, and In Control. Behind the 8 ball, Ahead of the Curve and I've got a Love Child who sends me Hate mail. - (George Carlin)
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06-03-2011, 11:42
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#15
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Moderator
Join Date: Aug 2009
Location: Solent, England
Boat: Moody 31
Posts: 18,398
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Re: Abandoned Catalac 10m
Quote:
Originally Posted by boatman61
Well... offhand I'd say around $80k in good all round condition well equipped...
So I figure start at 50% if thats all thats wrong with her... less if there's more...
These are better sailers than their smaller sisters and the beam ratios more favourable... if you can grab it you'll have a good strong boat...
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Interesting thread. A friend who owns an 8m version has just found a 10m Catalac in very poor condition in the Solent. Owner an alcoholic now shoreside, debts for moorings etc and the boat in a shocking condition, although the mast is standing just.
He is hoping it will go for £10k (sterling) which will be a bargain if he can get it for that, but it will be a 2 year refit.
Pete
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