~^ beancounter ~^ wrote:
the ebay E38 biddin' is now almost up to $6k, one day left...Puttin a
"pencil to paper", i guess (the hull) it would be worth up to $10k.

How ya figure that? Somebody might pay that much, guess that makes it
"worth" that.

...If one
added a "reserve" account w/ $50k avail for parts and equipment...Plus
a few hundred man/women hours...grin.....

If you had the time, the skill, and the money, why not buy a boat that's
in better shape? Spend your time sailing and don't take the gamble
that there's something left out of your figuring up costs... actually
it's not a gamble, there is *always* something!


A "finished" e38, 1986, even w/a "clouded title" (ie: ttled "in
storm/sank/re built") ... Would fetch, i woulkd guess $75k


Again, how do you figure that? Not meaning to be insulting, look at
Yachtworld.com... asking prices in the $65K range, much lower for just a
few years older. Between the boat's history and the 'cloudy title' you
might be lucky to sell in the $50K range assuming it was a magnificent
restoration. The fact is that the boat market is a big time buyers
market right now, and probably will be for the forseeable future.

A good friend of ours bought a boat from an insurance company, on a 'too
good to be true' deal... it was. It was almost free, and took relatively
little restoration (mostly rebuilding the cabin). By now it's been for
sale almost six months, and it looks like he's going to have to accept
less than half his original asking price, if he gets an offer that good.

The trick is to learn from the mistakes of others. You'll never live
long enough to make them all yourself


someone is going to have a nice, big project on their hands...but,
when you watch a e38 under way, say under the gldn gate bridge..w/full
sails.....its a thing of beauty.....


Yep... although I like the older E39 flush deck better.

http://cgi.ebay.com/ebaymotors/itemZ...cmdZViewIte m

Fresh Breezes- Doug King