Even during the very best of economic times, I cannot remember a steam boat selling for even half of the investment.mtnman wrote:You may not have noticed but times are tough and money is tight right now. I didn't think it would break 10k, suprised me. It was still a No Sale. What was the reserve? Heck, I've got a piece of riverfront property for sale, 3 years ago the place next door (Only half as large) sold for $250,000, today I can't get anyone interested in mine at $175,000.87gn@tahoe wrote:No appreciation for the time and effort placed into making one, especially one of this caliber.
Think about all the details that went into that boat.. Thousands of man hours at today's price of a minimum of $50/hr.
great looking boat coming up for auction
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87gn@tahoe
Re: great looking boat coming up for auction
Re: great looking boat coming up for auction
For a long time I dabbled in the Street Rod market. Something I learned is that you buy a completed Rod if you want to save money. It always cost more to build one over buying a completed one.87gn@tahoe wrote:Even during the very best of economic times, I cannot remember a steam boat selling for even half of the investment.mtnman wrote:You may not have noticed but times are tough and money is tight right now. I didn't think it would break 10k, suprised me. It was still a No Sale. What was the reserve? Heck, I've got a piece of riverfront property for sale, 3 years ago the place next door (Only half as large) sold for $250,000, today I can't get anyone interested in mine at $175,000.87gn@tahoe wrote:No appreciation for the time and effort placed into making one, especially one of this caliber.
Think about all the details that went into that boat.. Thousands of man hours at today's price of a minimum of $50/hr.
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farmerden
- Stirring the Pot
- Posts: 447
- Joined: Fri Nov 20, 2009 12:14 am
- Boat Name: Steam Queen
- Location: Shawnigan Lake B.C. Canada
Re: great looking boat coming up for auction
I'll agree there Mtnman.My son has been 20yr building this [it's not steam but still not bad!] And cost well we won't go there! And he fired it for the first time thursday-He was smiling!!
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Click on picture -it is a video!!
[/img]Click on picture -it is a video!!
Last edited by farmerden on Tue Jul 26, 2011 1:02 am, edited 1 time in total.
Re: great looking boat coming up for auction
Good lookin' A! I'm sure he'll have loads of fun in her! Here's a tip, NEVER, NEVER add up all the receipts!farmerden wrote:I'll agree there Mtnman.My son has been 20yr building this [it's not steam but still not bad!] And cost well we won't go there! And he fired it for the first time thursday-He was smiling!!
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87gn@tahoe
Re: great looking boat coming up for auction
I sold my '87 GN for less than half of what I put into it, same will happen to my '64 Riviera if I ever sell it.