Reply
 
Thread Tools Search this Thread Display Modes
 
Old 08-27-2018, 08:09 PM   #1
Guru
 
South of Heaven's Avatar
 
City: Sharon, Ma
Country: USA
Vessel Name: Slow Lane
Vessel Model: 2005 Silverton 35 Motoryacht
Join Date: May 2017
Posts: 919
This is an interesting deal

This old Tolly is pretty sweet. COMPLETE refit in 2014. Soup to nuts.

My only question is why would someone pay that much for a refit and put so much love into it and then sell 4 years later! Someone is gonna get a hell of a deal.

https://www.yachtworld.com/boats/197...g#.W4SfMCRKgdU
__________________
Advertisement

__________________
Jason

2005 Silverton 35 Motoryacht
South of Heaven is offline   Reply With Quote
Old 08-27-2018, 08:32 PM   #2
Senior Member
 
Sabre602's Avatar
 
City: NW Washington State
Country: United States
Vessel Name: Kingfisher
Vessel Model: 37' converted gillnetter/crabber
Join Date: Oct 2017
Posts: 329
A 50 year old, $240K Tolly is mind-boggling.

A $600K refit on said Tolly is insane.

An $85,000 paint job?!? WTF?!?
__________________

__________________
Anson & Donna

Be kind whenever possible. It is always possible. ~The Dalai Lama
Sabre602 is offline   Reply With Quote
Old 08-27-2018, 08:45 PM   #3
Guru
 
healhustler's Avatar
 
City: Longboat Key, FL
Country: USA
Vessel Name: Bucky
Vessel Model: Krogen Manatee 36 North Sea
Join Date: Oct 2009
Posts: 4,684
Awesome refit. I do believe that boat has the squarest stern I’ve seen. I’d definately want to stay aware of any broach threats on inlets.
__________________
Larry

"When life gets hard, eat marshmallows”.
healhustler is offline   Reply With Quote
Old 08-27-2018, 09:01 PM   #4
Guru
 
toocoys's Avatar
 
City: Seabrook
Country: United States
Vessel Name: Final Choice
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 688
Quote:
Originally Posted by Sabre602 View Post
A 50 year old, $240K Tolly is mind-boggling.

A $600K refit on said Tolly is insane.

An $85,000 paint job?!? WTF?!?
Sounds fishy. I wonder what the actual numbers were.
toocoys is offline   Reply With Quote
Old 08-27-2018, 09:17 PM   #5
Guru
 
tiltrider1's Avatar
 
City: Seattle
Country: USA
Vessel Name: AZZURRA
Vessel Model: Ocean Alexander 54
Join Date: Aug 2017
Posts: 1,354
I am familiar with the boat but not with the owner. It is literally a two year old boat equipment wise. Way more than just a paint job. Every wire, hose, rub rail and so on is new. Unfortunately it is a 50 year old design. If you always wanted a brand new 1970 Tollycraft then this boat is a deal.

For $239,000 I believe you can find more boat.
tiltrider1 is offline   Reply With Quote
Old 08-27-2018, 10:19 PM   #6
Guru
 
Comodave's Avatar
 
City: Au Gres, MI
Country: US
Vessel Name: Never Say Never
Vessel Model: President 41 DC
Join Date: Jul 2015
Posts: 4,564
I would not want it. No island berth. Ever struggle with putting on sheets on a master stateroom berth like that. Why have the angled counter in the galley? Takes up a lot of room. What is with the high chair on the flybridge? Some may like it but it looks out of proportion to my eye. I do like the humongous swim platform but it also is out of proportion. The engines are awesome but it looks really tight in the ER. I can believe the price of the paint job having just painted my boat. What I have trouble believing is that anyone would spend $600k on a refurb of this size boat.
Comodave is offline   Reply With Quote
Old 08-27-2018, 10:22 PM   #7
Guru
 
toocoys's Avatar
 
City: Seabrook
Country: United States
Vessel Name: Final Choice
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 688
Quote:
Originally Posted by Comodave View Post
I would not want it. No island berth. Ever struggle with putting on sheets on a master stateroom berth like that. Why have the angled counter in the galley? Takes up a lot of room. What is with the high chair on the flybridge? Some may like it but it looks out of proportion to my eye. I do like the humongous swim platform but it also is out of proportion. The engines are awesome but it looks really tight in the ER. I can believe the price of the paint job having just painted my boat. What I have trouble believing is that anyone would spend $600k on a refurb of this size boat.


You didn't mention the kitchen sink.
toocoys is offline   Reply With Quote
Old 08-28-2018, 02:04 AM   #8
Guru
 
Simi 60's Avatar
 
City: Queensland
Country: Australia
Vessel Model: Milkraft 60 converted timber trawler
Join Date: Jul 2016
Posts: 2,031
Quote:
Originally Posted by Sabre602 View Post
A 50 year old, $240K Tolly is mind-boggling.

A $600K refit on said Tolly is insane.

An $85,000 paint job?!? WTF?!?
Another example of dumb people having money and smart people teaching your children for peanuts?

Like the $12million houseboat a few days back.
Anyone with half a brain would get similar for less than $1m
Simi 60 is online now   Reply With Quote
Old 08-28-2018, 09:34 AM   #9
Senior Member
 
Tator's Avatar
 
City: Bainbridge Island/Petersburg Alaska
Country: United States
Vessel Name: Oz
Vessel Model: Bluewater 40' RPH 1979
Join Date: Feb 2015
Posts: 162
I have met the owner and seen the boat. He is definitely not a dumb person. In fact, one of the smartest, most practical persons I have met. Think global, all encompassing self made engineering types. Some people who have a lot of money do it for just the fun of the project.

The quality of work appears to be extreme topnotch. That being said, it is not my type of boat. I won't chime in on the price, but for the person who is looking for this type of boat, they probably can't do better.
Tator
Tator is offline   Reply With Quote
Old 08-28-2018, 09:47 AM   #10
Guru
 
boatpoker's Avatar
 
City: Port Credit
Country: Ontario
Vessel Name: DIRT FREE
Vessel Model: Benford Fantail 38
Join Date: Sep 2012
Posts: 2,435
Why ? Because he could.

Same reason this fella put 21yrs and $2,500,000 building this
Attached Thumbnails
Click image for larger version

Name:	Picture 033.jpg
Views:	154
Size:	146.0 KB
ID:	80218   Click image for larger version

Name:	Picture 026.jpg
Views:	156
Size:	144.7 KB
ID:	80219   Click image for larger version

Name:	Picture 027.jpg
Views:	145
Size:	154.3 KB
ID:	80220   Click image for larger version

Name:	Picture 028.jpg
Views:	147
Size:	151.4 KB
ID:	80221   Click image for larger version

Name:	Picture 030.jpg
Views:	138
Size:	133.9 KB
ID:	80222  

Click image for larger version

Name:	Picture 032.jpg
Views:	142
Size:	106.3 KB
ID:	80223  
__________________
If you can live with the consequences, go for it - wg
Y'am what y'am an' thats' all that y'am - Popeye
I had an allergic reality - Jillie the Bean
boatpoker is offline   Reply With Quote
Old 08-28-2018, 11:06 AM   #11
Guru
 
toocoys's Avatar
 
City: Seabrook
Country: United States
Vessel Name: Final Choice
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 688
Quote:
Originally Posted by Tator View Post
I have met the owner and seen the boat. He is definitely not a dumb person. In fact, one of the smartest, most practical persons I have met. Think global, all encompassing self made engineering types. Some people who have a lot of money do it for just the fun of the project.

The quality of work appears to be extreme topnotch. That being said, it is not my type of boat. I won't chime in on the price, but for the person who is looking for this type of boat, they probably can't do better.
Tator

Is it really that smart to take a $400k loss?
toocoys is offline   Reply With Quote
Old 08-28-2018, 11:19 AM   #12
Guru
 
Woodland Hills's Avatar
 
City: Jacksonville
Country: USA
Vessel Name: Alzero
Vessel Model: Hatteras 63' CPMY
Join Date: Apr 2017
Posts: 749
It is if $400k is just walking around money.....

We don’t know much about the sellers financial status, but it may not be a big deal with him. Besides it is not uncommon to sell completed projects or hobby builds at a loss: for example, custom cars and hot rods are usually sold for dimes on the dollar and thus can be great bargains. Sometimes the pleasure is in the creation, not in the profit from the sale afterwards.
Woodland Hills is offline   Reply With Quote
Old 08-28-2018, 11:19 AM   #13
Senior Member
 
City: Anacortes
Country: United States
Join Date: Mar 2016
Posts: 226
I've seen the boat, looks very nicely done and everything is new. Tolly's have a really nice hull and run well. If you like the look that boat is a deal.
One negative, with that transom extension you're likely squeezing that boat into a 50ft slip, big slip are expensive and hard to find.
sean9c is offline   Reply With Quote
Old 08-28-2018, 11:24 AM   #14
Guru
 
toocoys's Avatar
 
City: Seabrook
Country: United States
Vessel Name: Final Choice
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 688
Quote:
Originally Posted by Woodland Hills View Post
It is if $400k is just walking around money.....
Is he single perhaps? Cause I’d marry just about anyone who had that kind of money.
toocoys is offline   Reply With Quote
Old 08-28-2018, 11:24 AM   #15
TF Site Team
 
City: Westerly, RI
Country: USA
Vessel Name: N/A
Vessel Model: 1999 Mainship 350 Trawler
Join Date: Jan 2014
Posts: 1,669
Quote:
Originally Posted by Tator View Post
In fact, one of the smartest, most practical persons I have met. Think global, all encompassing self made engineering types.
So academically brilliant but regarding common-sense and street smarts, in the lower 20th percentile.

(I'm a computer engineer, so before people start getting offended......)
Shrew is offline   Reply With Quote
Old 08-28-2018, 11:28 AM   #16
Guru
 
Cigatoo's Avatar
 
City: Narragansett Bay
Country: New England
Vessel Model: Grand Banks 36
Join Date: Sep 2016
Posts: 708
Quote:
Originally Posted by toocoys View Post
Is it really that smart to take a $400k loss?
You are learning the true meaning of indepent wealth. You can do what makes you happy. Nothing to do with smart or dumb.
Cigatoo is offline   Reply With Quote
Old 08-28-2018, 11:38 AM   #17
Senior Member
 
porman's Avatar
 
City: Duvall, Wa
Country: USA
Vessel Name: Beach Music II
Vessel Model: 2003 Mainship 430 Trawler
Join Date: Aug 2014
Posts: 460
Have I missed something? I don't see a generator listed anywhere in the specs.
porman is offline   Reply With Quote
Old 08-28-2018, 11:54 AM   #18
Guru
 
Lou_tribal's Avatar
 
City: Quebec
Country: Canada
Vessel Name: Bleuvet
Vessel Model: Custom Built
Join Date: Jan 2016
Posts: 3,415
Fuel tank 265gal, looks pretty small for a boat burning 20g/h at cruise speed no?

L
Lou_tribal is offline   Reply With Quote
Old 08-28-2018, 01:25 PM   #19
Guru
 
psneeld's Avatar
 
City: AICW
Country: USA
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 19,402
Smart, rich people usually dont waste even pennies.

Refurbishing a classic is one thing, throwing money arpt some project is another.

This gentleman did kerp the boat 4 more years which can be a lifetime sometimes.

Changing your mind isnt stupid unkess you had an inkling at the time of the project or not enough money that $600,000 was more than a decent days pay.
psneeld is offline   Reply With Quote
Old 08-28-2018, 02:03 PM   #20
Guru
 
Seevee's Avatar
 
City: st pete
Country: usa
Vessel Model: 400 Mainship
Join Date: Sep 2016
Posts: 2,094
Agreed, leaving $400k on the table may or may not be smart. It could be pocket change for him.

There's a reason for everything and this guy has a reason NOT to want this boat enough to sacrifice those dollars. However, just because he put $600 into it, doesn't mean it's worth that much.

Rich or poor, smart or stupid has nothing to do with it unless you know the details.

Now, if the guy worked all his life to save up $600 to blow on a boat and will have nothing when sold, that could sound stupid.

But what if this guy has a million dollar profit on the back burner that requires $200k to get into and all his other assets are tied up. I do business with a LOT of those guys... not quite in that magnitude but same principle.

Not my boat either...too many things I just don't care for and not sure I want that big of boat.
__________________

__________________
Seevee
Seevee is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 12:26 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012