Wow. Gorgeous boat, or was. Interior cabinetry looks really good. I'm sure it's $300-400k to get it going, but $40k is since starting point. ( boat sank and was under water for days. ) http://cooperss.com/1-2-29720-Vicem-SF?tab=Photo Gallery&page=2#photos Any one care to speculate? Any chance to rebuild these engines?
Apparently the boat was taking on water and then drifted onto the rocks. This happened in June of last year. I get confused on the ad saying the hull has been repaired and then describing all the damage done. The damage was very extensive as apparently it sat there for an extended time before being salvaged. If it stayed under water for a while and then the engines were not serviced when it was removed, I can't imagine them being recoverable. I would think the value of mechanicals and electricals today is less than zero by the amount it would cost to remove them. Essentially it sounds like buying a shell at whatever it is worth and refitting completely. I'm guessing the $40,000 is 10% of the insured value prior to the accident or of the settlement value. To me the nearest non boating comparison is buying a car after a flood or hurricane Sandy and getting it presentable to then sell. I would think this boat would only have value to a person or a company that could do all the work themselves to restore it.
If the $40,000 represents 10%, I'll take a new one today! I think you missed a zero or a 1 somewhere. Or the insured is a gambler. When this first came up I thought, as you note, buying a shell, yet being Cold Molded makes a big difference to solid fibreglass after being submerged. From the ad, it seems they sealed the hull but I doubt that would solve the seawater problem getting sealed into the timber hull. Perhaps why this boat has been relisted by Coopers? How would all that Mahogoney interior be after a year or so?
10% of it's value at the time of the accident. It had been offered for sale for $499,000 so I figure the insurer perhaps valued at $400,000.
Ouch, someone has torn up serious $ from the sale price. Not surprising in boating, but a million or so is bad for Vicem owners generally.
I would say steer clear of it unless you have the capabilities to do the majority yourself (or your employees do) and the cash to fund such an exercise.
Hi K1w1 And that is why I am steering clear, it is a money trap. Ditto the Huckins in the islands. Cheers G
It was for sale at 1.6m at the Time. http://www.*************/listing/96987/2008-63-ft-dot--vicem-custom-sportfish.html#.VHyGQbK9KK0 http://www.*************/listing/96987/2008-63-ft-dot--vicem-custom-sportfish.html#.VHyGQbK9KK0
An accurate appraisal of her current value can perhaps be calculated by figuring out how many cords she will yield.
Which could be reduced if all recyclables were extracted and the rest accidentally caught fire while being stored in a pile.
Not when you get the fine from the EPA, You'll wish you would've hired a dump truck to take it to the dump!!!
the dump ? you mean the back side of fort Myers beach where there's no such thing as epa enforcement and boats go to die ? ( add one two story floating home which gradually became one story, then the roof, eventually I think it dissolved into muck..)