Some threads over the years, along with the show Selling Yachts, has me thinking about the market of those buying 2003-2008 100-115' yachts in the $3-6M range. Skimming through the listings, you see 116' and 105' Azimuts, 115' Benetti Classics, some Browards, 112' Westports, 111' Sunseeker, etc. My question is, are any of these worth buying? The Westports probably fair the best (by a good margin) but what I am trying to get at is that there have been a couple of threads here and that show where the buyers can comfortably spend $3-6M on a yacht but not the $12-15M that they would sell for new. Would that ever be a sound decision to get an older bigger boat for which that $3-6M is say 15% or so of your net worth but considerably more maintenance and crew cost than a 60-80' boat which would have the same $3-6M price tag as a new vessel? On the one hand, you do save a good amount on the upfront depreciation but the annual operating costs are probably in the $800-1.2M range (please correct this with a more accurate figure) and there is probably an expensive refit that needs to be done on the engines, new electronics, and paint. Sure there are some offsetting charter costs but I'm just curious as to those who choose to buy in this segment given the disproportional operating costs. It may be just that the buyer could afford it comfortably new and rather save $8M in depreciation but I'd assume there are buyers that come from both segments. Does anyone have some first hand knowledge that they could share?