overpriced storm damaged catamarans40

[barnakiel]

If you find something 'overpriced' you simply buy elsewhere.


Boats are not bread.


barnakiel

[sailorcherry]

If you really wanna know how to do it you can charter with a couple in Figi on a salvaged cat.

They are old dock neighbors, a cool, sweet couple from the SF Bay, mentioned in L38 a lot, salvaged a 43 Voyage in the SoPac. Here is over 2 pages of their work on it and they have a good youtube channel too.
Holed a lot and needed a new keel but otherwise in decent condition.

http://ridethetrades.com/category/ca...repair/page/3/

[multihuler]

I bought two damaged cats, the Seawind 36 was blown out at $20k, a great boat, but labor of love only goes so far, and a older s33 could be bought around $100k.
The Maine cat 41s sell used for $350k as they are a premier catamaran, high bridgedeck clearance, and daggerboards,she sails better than most cats.
I am hovering around $90k to repair her, and almost done, the wonderfull fact there wasn't a single crack under the bridgedeck and a fiberglass interior made it much easier to restore.
Would I do it to make money? No, but I will have a 41ft catamaran for under $140k, she is now up for partnership, with a buyout,, allowing me to go home to downsize until the day I cast off.
Cheers,
Yard storage, cranes,12 months $8k,
Fiberglass work $22k
New mast, boom, shrouds, $17k
Stainless $7,500
Outboards $8500
Diesels $10k to rebuild
Rudder $2300
Halyards $1,500
Electrical including GPS $2,500
Her birthday is today, 12 months
Moved her 2000 miles, $3,000
Stopped in New Orleans, lake Okeechobee, cape Canaveral, North Carolina.

[44'cruisingcat]

Originally Posted by ozwrangler

Seasoned broker advised to steer clear.
His tips:
......
.
and 'once an insurer has 'written off' that hull number, they will not re-insure it.'

This isn't true. I helped rebuild an insurance write off, and once surveyed, it was re insured.

A write off doesn't mean a boat is beyond repair. It only means it isn't financially viable for an insurance company to pay professionals to repair it, compared to paying out the insured value.

[JC Reefer]

Originally Posted by Kenomac

It’s really no different than a damaged house. If the work is done properly it can be as good as new.

Yeah but most people don’t understand what it takes to do it properly. At least with a house you can make a repair and so long as things are holding tight it will work. A few extra coats of paint can really improve something.

With a boat things become more complex. Patch jobs are easy but to make something right can easily become an unnecessary waste of money and effort.

[chavodelocho]

Originally Posted by Dymaxion

Look at YachtSalvage website, couple of dozen cats on there. Some pretty ragged. Read several descriptions with "props missing", "winches removed" etc. Suspect earlier buyers were able to pick up some of the spares they needed for their rebuilds quite easily. Still, what's left for boats should be cheap as they go, pretty beatup looking.

I didn't sign up to see bid prices, maybe you should, and report back. Cheers.

Hi and Thanks I looked at yachtsalvage and I wonder why nobody want to buy their Cats. Any good answer,pls?. I did the maths and sorry for the Ignorance but maths are great...

[Tetepare]

Originally Posted by chavodelocho

Hi and Thanks I looked at yachtsalvage and I wonder why nobody want to buy their Cats. Any good answer,pls?. I did the maths and sorry for the Ignorance but maths are great...

I can't find any prices on Yachtsalvage, even for "closing soon" boats. Where do you get the current bid price and/ or selling price?


There's a Valiant 40 that I'll bet can be had for a song: https://www.yachtsalvage.com/listings/YS180437/

[Allied39]

Originally Posted by travellerw

I think the reason they are going so high is the lack of anything really salvagable. If you had been down here and seen how many boats they squished of sent to be chipped you would understand. At one point, there was a barge a week being sent to Antigua where they were stripped and squished. That was just one barge and didn't include the boats being stripped and squished locally.

Hell, in the early salvage process they weren't even stripping anything, just squishing. Boats with good winches, blocks, davits, ect, just squishing and carting away. People were begging to go and remove parts, but were refused by the gun totting guards. Heartbreaking to watch a fantasic set of davits get squished by a track hoe.

Anyway.. I just don't think there is anything left that is even worth looking at this point.

And the reason for that is the lawyers. So go figure, a reasonable guy says " yeah, take what you want".....all is good until someone cuts a finger, goes to a lawyer and sues him for 100g.
It's sad, but the way it has to be......thanks to the lawyers of the world.
Deep down, lawyers are good people.....6ft down.

[chavodelocho]

Originally Posted by Tetepare

I can't find any prices on Yachtsalvage, even for "closing soon" boats. Where do you get the current bid price and/ or selling price?


There's a Valiant 40 that I'll bet can be had for a song: https://www.yachtsalvage.com/listings/YS180437/

Hi Tetepare, Thanks for the advice. Current price bid by asking them. What I really don´t understand is why nobody bid?. Can someone clarify why not?.

[Mr B]

Two new hulls fitted to a 34 foot catamaran, Damaged in a violent storm when it got thrown up onto rocks on the beach,
It is now stronger than the original build,
The hulls were about 5 MM thick, Now they are 13 mm thick,
Yes it can be done,
My boat was a write off by the insurance company, Only because the quotes they got were rediculous for the repairs,
The repairers wanted a cheap boat, So they loaded the repair costs,
I bought it back for 15 Grand, Spent about 80 Grand on it,
25 grand was wasted on a dud repairer that I sued for the dodgy repairs that he did, I still lost because he was Bankrupt,
I now have a better than new boat, And its a much safer boat than new,
Yes I can get it reinsured now.

I really dont get the idea that fibreglass boats that have sunk cant be repaired,
The fibreglass some how gets damaged by being immersed in water,
Fibreglass tanks hold all sorts of fluids including chemicals for years and are not damaged,
Even smashed hulls can be repaired successfully if you know what your doing,
Plenty of fibreglass boats that have been severely damaged here are repaired and are still being used,
They cut fibreglass boats in half here, Add a few feet and stick them back together again, They are just as safe as the original build, But usually have stronger hulls,

Cheers Brian,

[Simi 60]

Was 5mm and now 13mm?
You used a core right?

[Checkswrecks]

Originally Posted by ozwrangler

Seasoned broker advised to steer clear.
His tips:
'It's really only economical if you own a boat yard!'
and 'once an insurer has 'written off' that hull number, they will not re-insure it.'

As my avatar implies, I deal with insurance on all sorts of vehicles regularly. The first sentence is true if you do not "own" the labor, be it your own hands or those of employees.

The second is flat wrong. Salvage gets rebuilt and re-insured all the time.

What is missing from the discussion is the fact that once salvaged, the value of boats, airplanes, and other vehicles drops to 1/3 to 2/3 of a comparable non-recovered item in the near term. Over decades of use and as the values of comparable items decline the prices can merge again.

[Mr B]

Originally Posted by Simi 60

Was 5mm and now 13mm?
You used a core right?

What ever, Im pleased with the result, Thats all that counts,
I ended up with a very cheap boat that is better than new,

[Simi 60]

Originally Posted by Mr B

What ever, Im pleased with the result, Thats all that counts,
I ended up with a very cheap boat that is better than new,

Whoops, you sound a bit touchy
I'm guessing its been mentioned before...carry on.

[Mr B]

Originally Posted by Simi 60

Whoops, you sound a bit touchy
I'm guessing its been mentioned before...carry on.

Touchy, Not really,
The pictures are there for your perusal, You did ask,
You can form your own opinions on the repair, Good or bad,
The cores shows what is inside the hulls and how it was repaired,
Thru hull cores, one out of each hull, Depth sounder and seawater intake for the water maker,

One online expert, Did mention that it would all disintegrate, But you get that, Hahahahaha