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Offline AshSimmonds

  • Geekitecht

  • Joined: Feb 2006

  • Drives: GF's shitbox :(
  • Location: Adelayed
  • Name: Humble Narrator
  • www: AshSimmonds.com
Luxury boats sold at 50 per cent off due to financial crisis

THE wreckage of the financial crisis went on public display on Sydney Harbour yesterday - 16 luxury boats that their owners could no longer afford.

The repossessed motor cruisers, all near new, went under the hammer at a Cabarita Point marina.

More than 600 bargain hunters looked for savings of up to 50 per cent.

The best deal was a 2008 Fairline Targa 47 - with a book value of almost $1.5 million - that went to an ecstatic buyer for just $685,000.

"I think I got an absolute bargain,'' said the bidder, who declined to give his name.

Judging by a carpark full of luxury cars, including a Rolls Royce, bidders were not short of a dollar, despite the downturn.

All 16 boats were repossessed from cash-strapped dealers, who had been unable to sell them.

The auction raised $4.5 million.

Pickles director John Leftwich said buyers had made savings of 30 to 50 per cent.

"Across the board, I think people got fantastic value for money today,'' he said. "We've seen this kind of deflation in real estate prices, so why not in luxury goods like boats?''

A man who bought a boat on the spur of the moment, while his wife was at a sausage sizzle, said, "We're seeing crazy deals.''

Sydney couple Rodney and Darrall Unsworth bought the "hidden gem of the sale'' - a 2007 Mainship Luhrs 40 motor cruiser to share with their family.

"It's a beautiful boat and within our price range,'' Mr Unsworth said, but declined to reveal its price.


Offline M308

  • Degranged

  • Joined: Aug 2008

  • Location: Adelaide
  • Name: Scott Thomson
I have not seen a topic on AE discussing any type of boat.
Show us a photo of your cruiser / ski / wakeboard / fishing / yacht / race boat or any discussion on boats in general.

My 05 Malibu VLX.....great river cruiser but mainly used for wakeboarding.

Offline alvchua

  • Joined: Aug 2009

  • Drives: Old junks
  • Location: Adelaide
quoting what another member of the forum here once said in person .....
BOAT = Bring Out Another Thousand! .....
Forgiveness is easier to achieve than permission!

Offline scud

  • 300kph+ club
  • Rocket man

  • Joined: Mar 2006

  • Location:
  • Drives:
if it fucks, floats or flys.......

Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne

Offline CortinaD

  • Joined: Jan 2008

  • Location:
  • Drives:
Not mine but a friends. I try to get out on it a few times every year as it is by far the fastest and most fine. His yacht is too much hard work as I like to be ballast and sit back and relax but always get roped in to doing something.

Offline allanuber

  • Joined: Aug 2007

  • Location: Sydney
  • Name: Al

That centre console is awesome. Twin 300's? Not at all overdoing it  :)
C'mon, do it!

Offline CortinaD

  • Joined: Jan 2008

  • Location:
  • Drives:
That centre console is awesome. Twin 300's? Not at all overdoing it  :)

I will get some photos of the new boat. It's identical but has bigger yammys on it and the centre only has one multifunction instrument.

They hoot along - as quick as a jetski lol. Not bad for 5 tonne

Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
My brother in law has got a huge boat/yacht he used for fishing, it's been sitting in his garage for 2 years since he bought a farm and hasn't got the time any more, I wonder if these things just rot if not used/maintained.

Same as anything else I guess, why he doesnt sell it I don't know.

Offline anotherforumuser

  • AE's voice of reason
  • Choose to take risks or settle for ordinary.

  • Joined: Sep 2010

  • Drives: A red car.
  • Location: Downunder
From the first day I saw it I always wanted this little runabout.

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