now if you were talking mono's ?
but, any given day you can see deals in the $10k-$20k bracket and of modest 30ft or so sizes. Any one of them could make a nice frisky cruiser while being cheap
to restore. And true there used to be quite a few cats in this market footage from Sailcraft models like Iroquois and the Prouts and the like.
But for some reason many of those builders went broke, and builders of cats have largely depopulated this market in favour of the 38-45ft market, probably largely supported by the bareboat
So if you see a cat in this smaller cruising size its going to be neglected tired worn out junk in need of a complete rebuild
, there just isnt the same population of hulls out there like there are for monos. Otherwise if its condition is 70% OK it will hold a good value that is still in touch with the boats in the 8-12 yr old bracket.
If you go much further back in time than this the buyer opportunities begin to slim as the bareboat
market of the day supported larger monos, and there were fewer builds of cats in the larger sizes.
Undeterred press the restoration
case and see where that lands us. Begin with costing the hardware
inventory with a view to replace everything that would be potentially doubtful. Once you have gone through engines rig and electronics
, considered the haul out
and refinishing, pulled out a doubtful interior
fittings and portlights
; fabricated to new surface finishes, wiring
and soft furnishings.
Its going to be an expensive business, but it is a boat fitted to the standards you hold dear and almost irreplaceable in todays market. The problem is this is not to say it is better than the new designs out there, for technically cats in particular have moved on considerably over 20-30 years. That on top of a higher base price doesnt make for a good value proposition.
At the end of the day the knowledge I hold to be true is that the numerically smaller cat market doesnt make for an affordable cost structure until you get up in values to the drain from the bareboat industry. So the cost effective alternatives are the almost scrap boats as restoration
projects, or $100k+ ex charter