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 and
rigging 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.