Classic Boat Cult: Here are three boats that are a bargain (and how they increase in value)
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Is it really real that a Classic Boat can be worth more than any used one? And, if so, by how much is it revalued? How much does the state of preservation affect the quotation? All legitimate questions, which we will answer in this article. In fact, we have selected ten prestigious 11- to 13-meter models of “Classic Boats of Historical Value by Journal of Sailing” by comparing their current second-hand value with the historical increase.The result? A “cult” Classic Boat is always a bargain.
Classic Boat Cult: 3 classic boats that are the real deal
Exactly as in the automotive and real estate sectors, it may happen that a used car is worth more than new. Equally, in the very same areas, even a purchase to restore can be the real deal. And so it is with the Classic Boats. To exemplify, we chose 10 Cult models from among the 300 “Classic Boats of Historical Value by Giornale della Vela” models and, for each of these, developed a graphic model to superimpose the values, exemplifying the whole. So the answer is simple: a Classic Boat is worth more! And, more specifically, it sees its value increase by 10 to 15 percent, depending on its state of preservation. But, if in excellent condition, even more, up to +40%! In short, maintaining and refitting really turns into a bargain.
Classic Boat Cult: When used boats are a bargain
How does the re-evaluation system work? Each boat has its own story. Broadly speaking, however, we can identify two junctures. On the one hand, there are boats that have already received an increase in value on the used market, a characteristic for which the increase in historical valuation affects less. On the other hand, however, there are cases where a model still has a low valuation on the used front, a context in which the increase will therefore be higher. In short, if you are looking for a purchase, you have to sniff out a bargain!
There is, however, another important parameter to take into account: some boats have been in production for more years than others. Consequence therefore dictates that there are more pronounced price swings in favor of specific or sometimes newer models. As an example, the Hallberg Rassy 382 remained in production from 1984 to 1995 and over 100 were built. Given the upgrades, wear and tear, and improvements over the years, it makes sense that newer models would also be more expensive. However, let’s see the process in practice: here are 3 Classic Boat cult examples.
SHOW 42
Barberis; 12.65 x 3.96 m; Andrea Vallicelli | Production: 1981
In the late 1970s the Vallicelli studio designed Blu Show, a Two Tonner IOR of great impact and remarkable performance. Barberis understands its design goodness and adapts it for mass production. The Show 42, a hull whose main merits are the great combination of elegance, performance and habitability, is born.
An Italian classic whose listing increases significantly with the Classic Boat historical value. A model in perfect condition and preservation can be worth up to 65,000 euros today. One in fair/good condition gains 7,000 over the pre-historical value listing, 52 vs. 45,000.
GRAND SOLEIL 42
Pardo Shipyard; 12.65 x 4.05 m; Germán Frers | Production: 130 units; 1989-1993
The Grand Soleil 42 is one of the small masterpieces of the Cantiere del Pardo in the late 1980s. Signed by German Frers, the hull traces the innovations introduced on the 52′ and takes them further. It was distinguished by the large rudder wheel, the wide stern, and the iconic lines drawn by the Argentine. A beautiful boat, solid, marine, done well.
Its listing increases significantly with the Classic Boat historical value. A model in perfect condition and preservation can be worth up to 109,000 euros today. One in fair/good condition gains 12,000 over the pre-historical value listing, 92 vs. 80,000.
X-412
X-Yachts; 12.90 x 3.91 m; Niels Jeppesen | Production: 252 units; 1990-2003
The X-412 is the first performance-cruiser from X-Yachts to see all IOR influence disappear, fully entering the IMS world. He is an instant success, a trendsetter. The boat that many longed for. It is beautiful, it is comfortable and it runs. They produced a whopping 252 of them not for nothing.
Classic Boat’s historical value significantly increases its listing. A model in perfect condition and preservation can be worth up to 145,000 euros today. One in fair/good condition gains 10,000 over the pre-historical value listing, 130 vs. 120,000.
The three steps to enhance your Classic Boat
Well, is your boat a Classic Boat? Now we explain how to dignify Classic Boats by Journal of Sailing and increase their value. We have created a network of professionals dedicated to precisely this enhancement.
- The first mandatory step in enhancing the value of a historic Classic Boat by Giornale della Vela is appraisal. We have identified two “top” appraisers(Davide Zerbinati and Danilo Fabbroni) who can draw up a real Classic Boat certification and see the historical value of the boat recognized. Only by careful analysis of the state of the property and its maintenance over the years, as well as checking that the original design has not been distorted, can its value be certified.
- Insurance is the second essential step, after the appraisal. Today it is difficult for an insurance company to value a boat that is at least 25 years old for its true value. With the Classic Boat initiative, once an appraisal is obtained from our two appraisers, the intrinsic value of the boat is also received by the insurance broker David Assicurazioni. And if the appraisal certified the boat’s excellent condition–the premium becomes more affordable! HERE you can find out more about insurance!
- Buying and selling is the third step that required dedicated professionals: we involved one of Italy’s leading brokers(Abayachting) capable of transposing the real value of each of the current 188 selected boats, both in the case of selling and buying. It helps you sell it or buy it at the best price by selecting the best buyer or buyer, performing an assessment of the boat’s condition.
- Our “dream team” of appraisers, insurers and brokers can be contacted with one click directly from the boat tabs (Link here).
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