Britains New Pricing Structure

[weavis]

So a few months ago I mentioned this and a few pooped on it. Regardless of what you see in holiday resorts, Populace money is in a crunch.

It has affected yacht and catamaran sales in England and by extension, some parts of Europe.

Catalac 8 and 9m were commanding prices of up to 50K sterling 15 months ago........ that is now over.

The new price is between 20K and 29K with sub 25k being the norm. Just got to ebay.co.uk and type in catamarans. Simonmd with beautiful Catalac 900 was asking 45K for his. He has put it on ebay advertising a much lower reserve, which I suspect is probably around 35-38K.......but with 3 hours to go the bidding has slowed at 26K. (I also note he has removed the installed watermaker from the sale.) Good luck with bidding Simon, times are hard and we all are getting smacked.

There are ANY amount of good monohulls for sale between 4 and 10K and even those are not moving fast.

I looked on the european boat sites and I see a lot of vessels marked "sold or withdrawn". I called regarding 3 in this category and was told that they were still avaialable but the owners were firm on price... this tells me that the majority were NOT sold for the asking price and that the owners were not desperate to sell or that they felt their price was was what they wanted. Good luck with that.

So the classic trend of cheap vessels selling, the whole middle section of good quality boats sticking and the expensive boats selling is back with us again...except even the cheap boats are slowing a little. One Catalac priced at 27K has been on ebay for over a year now....... oh well.

I live on a road with about 10 houses. I would say 6 households are receiving Social Security benefits to help with living.

Times are tough.

I am really enjoying my days on the Westerly Centaur.... one of the best little boats available from anywhere priced between 6500 and 9k with 7500 being the average. A lovely 26ft coastal vessel and a great sail. Not fast but steady with a seakindly motion and oh so comfortable for one or two people. I love Westerlys.

[weavis]

Sad for Simonmd...
this is the new reality for prices though....
Did not meet his reserve so still owns it.

[barnakiel]

Originally Posted by weavis

(...)

I live on a road with about 10 houses. I would say 6 households are receiving Social Security benefits to help with living.

Times are tough.

(...)

Not quite so when one gets money from SS.

b.

[biker6977]

While this is sad news for those trying to sell boats it's good news for those like me looking to purchase a boat. Weavis- I am looking for a Westerly myself- I love the shallow draft and bilge keel for cruising the Gulf of Mexico- how does it handle in light wind?

[MarkJ]

Originally Posted by weavis

Sad for Simonmd...
this is the new reality for prices though....
Did not meet his reserve so still owns it.

Thats $46,000 USD whats wrong with that for a 20 year old small cat?????????????????????


And sold on eBay where no one can inspect it.

[weavis]

Originally Posted by MarkJ

Thats $46,000 USD whats wrong with that for a 20 year old small cat?????????????????????


And sold on eBay where no one can inspect it.

did you miss the bit where he didnt sell it at that price?

[weavis]

Originally Posted by biker6977

While this is sad news for those trying to sell boats it's good news for those like me looking to purchase a boat. Weavis- I am looking for a Westerly myself- I love the shallow draft and bilge keel for cruising the Gulf of Mexico- how does it handle in light wind?

The Centaur is a sturdy, moderately heavy boat that poodles along at 4-6 knots... its no racer. Light winds?...... you just enjoy the scenery and get along at 3-4 knots.

[Kenomac]

Originally Posted by weavis

Ill give you 48K for your Oyster......

I'm thinking things will eventually swing the other way with runaway inflation with a sinking dollar. Besides, our monohull is only half a boat to you multi guys. You'll need to buy two Oysters.

[weavis]

Yup.. I was right. Simonmd had set his reserve price at 35K sterling...... he is readvertising it with this note:

"Before we start, it should be noted that although i'm willing to take a large reduction on what this boat is worth to get a quick sale. i'm NOT going to give it away! Some of you may have seen this advertised before for £45,000 which is it's agreed insurance valuation so if you only have £20k to spend, don't waste your time. The reserve is set at £35k, that's what I bought her for three years ago BEFORE I spent £10k on upgrades, etc.so please bear this in mind before you bid. If you can find another mid 1990's catamaran that is fully spec'd up and ready for full time live aboard for under £40k then i'd be amazed!"

Im going to watch this new sale on 1994 Catalac 900 sailing catamaran, Quick sale now needed, greatly reduced! | eBay with interest and see if the price moves to his minimum even.........

There are any number of Catalac 8 and 9s for 20k-27k avaialable. Probably this one is at the top end of quality but price always wins......

I can only wish him lots of luck. It is a nice vessel.

[Hoofsmit]

Yep, it's not great here in the uk , but the percentage of boat owners compared to 30 years ago has increased considerably. My local harbour has a waiting list of 12 years for a mooring and have closed new applications.
I have just sold my house for 12.5% lower than market valuation ( which is only ever what some agent thinks it worth) because of time scaling
My Sealine MV sold last year with a devaluation of over 40% from the valuation the 2 years before due to uk red diesel taxation changes meaning that over 12 year period fuel on the water went from 18p a litre to £1.47
Things are only ever worth what someone else will pay and the availability of the buyers financing ability

Ok rant over




Sent from my iPad using Cruisers Sailing Forum

[weavis]

Originally Posted by Hoofsmit

Yep, it's not great here in the uk , but the percentage of boat owners compared to 30 years ago has increased considerably. My local harbour has a waiting list of 12 years for a mooring and have closed new applications.
I have just sold my house for 12.5% lower than market valuation ( which is only ever what some agent thinks it worth) because of time scaling
My Sealine MV sold last year with a devaluation of over 40% from the valuation the 2 years before due to uk red diesel taxation changes meaning that over 12 year period fuel on the water went from 18p a litre to £1.47
Things are only ever worth what someone else will pay and the availability of the buyers financing ability

Ok rant over
Sent from my iPad using Cruisers Sailing Forum

But look on the bright side. At least you have an Ipad...

[Hoofsmit]

Yep...... And ....... This winter will be in 28 degrees on Tortola


Sent from my iPad using Cruisers Sailing Forum

[weavis]

Originally Posted by Hoofsmit

Yep...... And ....... This winter will be in 28 degrees on Tortola


Sent from my iPad using Cruisers Sailing Forum

Yup........ I hope to be back in Spain in October myself.......Sometimes its good to not be encumbered by expenses.....

Sent from my Samsung Trend ANDROID phone....
(not really... but I could if I wanted )

[Pete7]

Originally Posted by weavis

Yup........ I hope to be back in Spain in October myself.......Sometimes its good to not be encumbered by expenses.....

Sent from my Samsung Trend ANDROID phone....
(not really... but I could if I wanted )

Or large boats for coastal sailing. I really do think those with little boats just seem to get so much use of of them.

Last weekend I was boxed in a marina in Cowes. No chance of reversing out without risking an awful lot of expensive gin palace motor boats on the way. But there was just enough room to turn her around and drive out forwards. Untied her, gave her a push and a tug on a rope and around she went. Hopped on board and off I went single handed leaving the motor boats to there parking dilemma.

The UK has had strong inflation despite what the Gov has been saying and with pay rises in the doldrums we are all effectively poorer and I can't see it changing any time soon. Plus the European Central Bank is thinking of copying the US and starting up the printing presses, god only knows were that will end.

The Catamaran might have sold for a good price a couple of years ago but the £ has strengthened against the $ and Euro so isn't as competative as it might have been, oh and its the end of summer, dreadful time to sell a boat in Europe.

[avb3]

A number of posts have been removed as they are either political commentary or responses thereto.

Just a reminder of our rules:

• Discussions about politics, weaponry and religion are permitted only in association with the topic of this forum and will be closed or removed if they become disruptive.

Please keep this in mind in future postings.