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boat biz notes

Discussion in 'General Yachting Discussion' started by 993RSR, Jan 8, 2025.

  1. 993RSR

    993RSR Senior Member

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    Jan 2025
    60 Valhalla Boat Works available on the used market. 25 have been active over 6 months. About 40 used Valhallas changed hands in 2024

    19 112 Westports available, 13 of those have been active over 6 months. 5 changed hands in 2024 and 1 in 2025.
    Sold data is not fully reported on boats over 80~ feet or so

    The 108 Sunseeker Predator Casino Royale has fallen on hard times. She is chained to the dock (chain through the bow thruster tunnel) in Georgetown MD. Exterior looks above average.

    The Burger RPH acquired by Worton Creek Marina to refit many years ago reflects zero care for many years.
  2. f3504x4ps

    f3504x4ps Member

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    Unless you have access to this data you never really know what’s happening and going on. I try to keep up with what’s on the market for Newer Hatteras and some smaller boats I’m interested in. Thanks for the info.
  3. RileyAnders

    RileyAnders Guest

    Thank you so much for the info.
  4. 993RSR

    993RSR Senior Member

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    Used HCB 53 and 65's were down to 13-20 boats available for years. 13 boats during the 2021 spike all builders enjoyed. They stayed in the 18-21 until early 2024. There are now 51 boats on the brokerage market, 13 have been listed for over 200 days.
    Yachtworld only shows 4 used HCB's over 53' sold in 2024. I doubt that is accurate. A few dealers stopped reporting sales data. Likely 15~ boats sold in 2024.
    We will see more dealers stop reporting sales. Yachtworld uses your sales data to determine your membership cost. The larger brokerage firms are paying $25,000. and up a month for YW membership.
    wiredup likes this.
  5. gr8trn

    gr8trn Senior Member

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    We will see more dealers stop reporting sales. Yachtworld uses your sales data to determine your membership cost. The larger brokerage firms are paying $25,000. and up a month for YW membership.

    Wow. I had no idea. I'm not in the loop although I sold sailboats part time years ago and was not privy to much of the YW workings. My goodness between flooring and YW dues, what's a dealer to do when things slow down like they are now.

    I was always suspicious about SoldBoats database as it seemed the reporting sold boats was on the honor code in terms of reporting the sale not to mention that actual selling price and not some fudged number.

    From one cummins zeus guy to another, thanks for sharing. Super interesting.
  6. 993RSR

    993RSR Senior Member

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    Yachtworld was very serious enforcing their policies of reporting a dealers sold boats. If YW suspected you were not reporting the data or your data was inaccurate the offending dealer was contacted and threatened with expulsion.
    Sold boat reports were extremely accurate, at least up to 100'~. The yachts sold in the over $5M
    bracket are kept confidential in about half the sales.
    Yachtworld (boats group) was sold several times. After each sale the memberships went up from 1/3 to a moving target of unpublished fee schedule.
    A big firm like HMY has 351 boats (brokerage or trades) on YW. They report no or very few sales over $1M. All those $3M-10M Viking SF sales have an impact on their membership costs.
    I would guess the percentage of dealers reporting accurate sold boat data (up to 80') is slightly over 70%.
    IYBA launched a much better site that is industry owned. No ads, better photos and a fraction of the cost. It will be years before it generates sales I suspect.
    leeky and gr8trn like this.
  7. 993RSR

    993RSR Senior Member

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    Trinity Yachts are (still) popular on the brokerage market.
    146 Second Love sold N&J/Denison
    164 TSUMAT FGI Yacht Group
    187 Liberty IYC
    3 others were removed, likely sold but not reported.
  8. 993RSR

    993RSR Senior Member

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    21 Westport 112's on the market
    65 Valhalla Boatworks with 35 on the market for over 5 months
    42 HCB 53's, this is double the number typically available on the brokerage market
    leeky and MBY like this.
  9. captbh

    captbh New Member

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    I was service and boatyard manager for Burger when that boat was built. Did the sea trials with Captain Ian Walsh who was her first captain. After Burger closed, I became the second captain on her after she was sold to new owners.

    They moved her to Lyford Cay and I left. A few years later she caught fire at the dock in Lyford, deemed a total loss and was towed to Miami. She was purchased by the owner of Worton Creek marina and I met with him several times before he moved her from Miami to Worton Creek.

    Ian and I met with him several times as the reconstruction was in progress. We both thought he was doing a great job and giving her a second life. He did cruise with her several times including his daughters wedding.

    I haven't heard from him in several years and it's sad to hear she is in bad shape again.

    She was a great boat.

    View attachment 107531


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    Attached Files:

    Last edited: Mar 17, 2025
  10. 993RSR

    993RSR Senior Member

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    Worton Creek Marina is full of broken promises and bad dreams (abandoned boats). Sorry to see this ole gal not being maintained. What was the name of her sistership with pink motors and generators from the factory?
    upload_2025-3-17_14-1-6.jpeg
  11. captbh

    captbh New Member

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    You're thinking of the "MY SY". they were the same design but MY SY, originally Second Time Around II, was 76 ft built in Manitowoc. The Argus V, originally Sea & H was 91 ft and built in Lanatna