Cost new - Down East 38 General Forum Forums

bobmcd625 said
Nice job.  Really looks sweet.  Why don't you post some more of the details of your upgrades.

I can't say what they cost back in the 70's but there is one for sale now in the SF Bay area for $85,000 after a reported $150,000 spent on refurbishing.

See this website...

http://rubiconyachts.com/yacht.....id=7659187

I have seen this boat in person and she is really top notch in every respect.  Let's face it, these boats are not an investment.  

Good luck...

  

Thanks Bob.

Mines not for sale.  I just wanted to compare the NEW cost to the Pearson 365 which was 102k in 1980. I actually talked to the broker at Rubicon when I saw that boat.  He was kinda snobbish like it was a waste of his time at 85k and the owner was wasting his time trying to get that much. I know they're NOT an investment.

My slip neighbor had a 1973/4 Scheel 45 (only 9 built, this one was absolutely bristol in and out) and told me in '74 that boat was mid 160K new. He sold it to a woman for 35k who contracted with Mack Sails for an 85k refit right out of the gate after purchase.

I'm trying to understand why mid 50-60ft sailing yachts here in south Florida (Palm beaches to Miami) ranging in age from between 1973 - 1980 are up in the 275k -375k range. And, they are selling. And, boats like ours even 100% refit/restored  only get BUC value like an old used car. The only thing I can think is at that length / beam they're like little condo's and people can get that much for them, thats got to be 90% of original cost. Granted these vessels are 100% refit. Granted a brand new 2021 - 60ft would be over 7-800k to a mil+.

Cheers

Great! Thanks for that info. I'm shocked the Downeast was that much less than a comparable Pearson. I think the Pearson base in the earlier years was around 75k. The surveyor placed my '77 DE vessel at $48k (96% of new) with a replacement cost at $380k,

So its starting to make sense to me why a refit/restored 60ft from 1973 era is asking 375k, that's probably close to 100% of the original value. And, of course if it were new 2021 model it would be upwards to a million.

Thanks

Leo

SV Paper Moon

Interesting thought Scott.

You're probably right. I've asked brokers why this is and they don't really give an answer other than If you can't afford a new 700k maybe you should be looking at older at half the price. Its all about the money.

Different subject.. if you part out Valkyr.

Are your trail boards mechanically attached (can be removed) or molded into the hull?

I also noticed your Nav table is wood, mines laminated. I'd like to replace that.

Do you have the U shape settee to port and a wood dinette? this is also laminated in mine. My wife hates it.

Leo

SV Paper Moon

Keep me up on what you are going to end up doing with Valkyr.

I would purchase those trail boards from you. Consider what you would want for them.

Thanks

Leo - SV Paper Moon