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Damaged 1984 post in Galveston Texas

Discussion in 'Post Yacht' started by Matt46post, Oct 20, 2017.

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  1. Matt46post

    Matt46post Senior Member

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    46' post sank in fresh water,looks like great candidate for complete refit , could probably be bought right....www.cooperss.com
  2. Posterboy91

    Posterboy91 New Member

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    for 1000 bucks minimum bid its almost worth trying. if the hull is good it would be a great gut and total redo project for the next few years.
  3. olderboater

    olderboater Senior Member

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    It's overpriced at $1000. It will never be worth what one spends redoing it. It's been weeks and no cleanup, no treatment for mold, everything electrical and mechanical damaged badly.
  4. Matt46post

    Matt46post Senior Member

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    I asked them to pay me $250k to take it away , for some reason I haven't received a call back? What do think a 46' post completely refit with new engines ,genset ,electrical,plumbing ,etc is worth?
  5. Posterboy91

    Posterboy91 New Member

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    Depending on what was done and what type of power goes in 150-250k
  6. olderboater

    olderboater Senior Member

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    New everything. Complete treatment and washdown of interior hull as it's a huge challenge to ever get the smell out and it won't happen if you don't go to all the surfaces, it's then still a salvage boat. 13 years old. Perhaps $100,000.
  7. olderboater

    olderboater Senior Member

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    Never. Pristine newer models available for $120-130k and they've never been salvaged.
  8. Matt46post

    Matt46post Senior Member

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    I doubt it will get parted out , I would like the ladder , has a nice hardtop,doesn't look like the helm got wet,I know the guy who owns cooperss ,I ask him after it sells if the buyer is going to destroy it and post it
  9. Capt J

    Capt J Senior Member

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    MAYBE $150k with brand new engines and gen. You can pick up a good condition 50' Post in the $200's that's a far bigger and far superior boat.

    The one that caught fire in Hillsboro Inlet, a guy cut it down and made a giant center console out of it.......LOLOLOL
  10. Posterboy91

    Posterboy91 New Member

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    I through a number out based on what I have seen out there. And if redone the way a comparable Viking is today with new gen and cat acerts for power why not ask 250 and hope some know nothing guy buys it. Besides just because it's a salvage boat now doesn't mean it will always have a salvage title attached. After sandy my 41 egg submerged enough to kill my engines and gen and the insurance company titled it salvage after that. My best friend picked the boat up from them for nothing and repaired it and was able to get a clean title through the same insurance company after showing the repairs. So that's why I gave it that number.
  11. Capt J

    Capt J Senior Member

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    The cost of the parts to fix something like this boat will exceed what it's worth without even including labor. Start adding up engines and generator (rebuilds if even possible), all new wiring, all new air conditioning, all new pumps for everything, all new appliances, a complete new interior, tanks, etc. etc. etc.
  12. olderboater

    olderboater Senior Member

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    So you hope to take advantage of someone who doesn't know anything? Good luck with that. There is no way it will ever be worth $250. Look at what they're selling for, look at the market. $120-130 is tops and regardless of what a title or anything else says, it's still a salvage boat. What Viking has to do with it I don't know either. You can do all you want to a Post and it is still a Post, not a Viking. Now, I doubt seriously on yours that your best friend did what was needed to rid it of mold and smell and all else. This boat obviously was in the water a long time and absolutely nothing done to it when it was raised. It's worthless. Put $150k into it and you'll have a nice $100k boat or $125k if lucky. It won't change the year model on it, won't suddenly be a 2017. Now perhaps one will break even or a little better if you put absolutely no value on your time. Spend 11 hours a week for three years plus 40 hours a week during 2 years of vacation each year and don't value that 1740 hours. Value that at your annual salary and the picture changes fast.
  13. Matt46post

    Matt46post Senior Member

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    Big boats are not branded with a salvage title ,generally when there is an accident or damage they are surveyed and sold as salvage by the insurance company , but there isn't a brand on the title or document, I wouldvventure to say if somebody rebuilds this sunk boat correctly it will survey better than 90% of the post that haven't been gone thru and will be a better boat , if you enjoy the process of rebuilding a boat and have the cash there is a piece of mind to know what you have when your done and you get everything you want ,and if you have a resale number for the parts sales tax is only $50-75 lol
  14. olderboater

    olderboater Senior Member

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    It doesn't matter what the title says or doesn't, it's still a salvage boat and anyone doing any homework will be aware of that and it will lower market value. First thing one asks for is maintenance log and records,. Regardless there will be more money in it than it will be worth.
  15. Capt J

    Capt J Senior Member

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    No it will not, as all of the stringers and transom, and possibly deck have been sitting underwater. They are all wood cored, and they are all going to have water intrusion somewhere, if they've been sitting underwater. Screw holes for mounting things etc. If a boat has been sunk or had a fire, it HAS TO BE DISCLOSED at the sale, or highly illegal otherwise. A 46' Post WAS NOT a great running boat to begin with.....they're ok, but nothing special. Very scary in a following sea, somewhat wet......and past their day when compared to say any sportfish built after the late 90's.

    Fixing this boat will be throwing good money after bad.
  16. d_meister

    d_meister Senior Member

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    I worked for a guy that bought a Rivera 58' that had not sunk but was vandalized, had some hull damage, and had rainwater in it during Hurricane Katrina. He thought he was way ahead and we fixed the thing to top standards. He thought since it hadn't sunk that it wouldn't get a salvage title. He was really fuming when the insurance told him it was salvage. It's simple to them; Insurance totals the boat and sells it as salvage, and that HIN is forever in the insurance cartel database as salvage. It is never in their interest to clear it. They have their own , industry only, equivalent of CarFax.
  17. Matt46post

    Matt46post Senior Member

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    The fact of what is salvage or isn't considered salvage on cars,boats etc is based on what the insurance company wants to do,for example a 2017 Viking could have a galley fire and the insurance company repairs it , the same boat four years later wouldn't be fixed , it's all about the numbers not the damage usually ....
  18. Capt J

    Capt J Senior Member

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    Because you will NEVER get the smell of a fire out of the interior of a yacht.
  19. Capt Ralph

    Capt Ralph Senior Member

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    It's for sale starting at $1000 for a reason. For scrap and salvage pieces.
    Those 4 valve heads will sell. The manifolds will sell. The shafts will sell.
    Lots of parts big and little will sell. During the parting out, some min wage kid is having fun with a chain saw.
    In a years time the glass is a pile of lil squares and in the trash a lil week by week.

    This is the market for old boats like this.

    You want an old 46 foot diesel fishing boat; Go to YF or YachtWorld and buy one. You can have wet lines by months end.
    You want to throw money in the ocean and get old, call me, I'll take you fishing and help dispose of your cash.
  20. baltimore bob

    baltimore bob Member

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    If she was in the Chesapeake area I'd descend on her like a vulture!