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Old 01-30-2014, 10:27 AM   #1
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Original cost of 1973 Gulfstar 36

Someone asked me the other day what my 1973 Gulfstar 36 cost new. Well, I have no earthly idea, but am kind of curious myself. (I bought it used in 2012). Anyone know where this type of information might be found? I've tried googling it, but no hits.
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Old 01-30-2014, 12:36 PM   #2
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You could call Lazzara Yachts in Tampa and inquire if anybody in the family remembers "for grins".
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Old 01-30-2014, 01:21 PM   #3
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About $25k.....

A Willard Vega 30 was $23,500, Gulfstar 36' $24,975, Gulfstar 43' motor sailer $34,700
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Old 01-30-2014, 03:26 PM   #4
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And the median home sales in July 1973 was $34K. I was looking for something to compare the boat prices to as I was just a child in '73.

http://www.census.gov/const/uspricemon.pdf
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Old 01-30-2014, 03:44 PM   #5
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Quote:
Originally Posted by Tad Roberts View Post
About $25k.....

A Willard Vega 30 was $23,500, Gulfstar 36' $24,975, Gulfstar 43' motor sailer $34,700
Wow! I would have thought more. Thank you.

I found an online calculator that figured out what $25,000 in 1973 dollars would be today, and it came out $131,578. No way to vouch for the accuracy, of course, but sounds reasonable.
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Old 01-30-2014, 03:51 PM   #6
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Today, the median home price is $270k and I would guess that a brand new boat that is comparable to a Gulfstar 36 would probably be more than $500k.
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Old 01-30-2014, 03:51 PM   #7
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Quote:
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About $25k.....

A Willard Vega 30 was $23,500, Gulfstar 36' $24,975, Gulfstar 43' motor sailer $34,700
I worked at a Gulfstar dealer commissioning them starting in 1974, but didn't get up into sales until 78. I thought it was more like $1000.00 a foot BEFORE goodies like Radars, which were insanely expensive back then, but just flat out just don't remember the definitive pricing. If I had to bet money- I would say the prices were higher than those after the Dealer mark up.

I know we sold more 43's and 53's than the 36's.

I have a link on my site to old print ads going back pretty far, but not that far, where you can see prices of all kinds of boats.
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Old 01-30-2014, 04:23 PM   #8
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Quote:
Originally Posted by pilothouse king View Post
I thought it was more like $1000.00 a foot BEFORE goodies like Radars, which were insanely expensive back then, but just flat out just don't remember the definitive pricing. If I had to bet money- I would say the prices were higher than those after the Dealer mark up.

The figure of about a $1000 a foot for the basic boat was what was in my mind, although I do not know where it came from. So I'm going to tell the lady who asked (yep, it was a lady) that I would estimate that a boat like mine, full electronics and canvas, new, would have sold for about $40-45K in 1973.
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Old 01-30-2014, 04:44 PM   #9
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G36 cost

Per My old sales brochure

Base boat $24,975
twin Perkins $4,200
7.5 Onan $3,900
Fly bridge $3,400
Mast & boom,steadying sail $875
Swim step $475
6.5 cu ft frig/freezer $215
3 burner stove/oven $340
Teak trim package (exterior) $675
Teak anchor platform $525
AC 16,000 btu with heat $1,600
AC 24,000 btu with heat $2,100
Double lifelines & gates $225
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Old 01-30-2014, 04:55 PM   #10
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Quote:
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Per My old sales brochure

Base boat $24,975
twin Perkins $4,200
7.5 Onan $3,900
Fly bridge $3,400
Mast & boom,steadying sail $875
Swim step $475
6.5 cu ft frig/freezer $215
3 burner stove/oven $340
Teak trim package (exterior) $675
Teak anchor platform $525
AC 16,000 btu with heat $1,600
AC 24,000 btu with heat $2,100
Double lifelines & gates $225
OK, good info! That totals $43,505 (mine has all those), and with electronics and canvas probably up close to $50K. Now, let me see, again using the inflation calculator -- that would be be $273,157 in 2013 prices. So about a quarter of a mil for an equivalent new Gulfstar 36 today. Not bad. The old lady looks pretty good, actually. A little makeup, and the old man has poor eyesight . . .






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Old 01-30-2014, 04:58 PM   #11
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I'm looking at print ads in Yachting Magazine of the period. There's not a lot of consistency between the builder's pricing and that of various brokerages. It's over $1k per foot in 1973 for the Gulfstar 43' trawler yacht, listed at $47,975 in a November 1973 factory ad. That's with twin Perkins power but before any options. A broker lists a new Glufstar 53' trawler at $109,000 (Nov 73), a Grand Banks 42' at $62k, and a 36' Gulfstar Demo at $29,700. A Gulfstar ad in August 1972 lists the 44' Motorsailer at $39,600 with single 120 HP engine.
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Old 01-30-2014, 06:38 PM   #12
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Prices were escalating rapidly..... In January 1974
Gulfstar 53' Motortrawler base price with twin 165 HP Perkins $109,000
Gulfstar 43' Mark II base $47,975
Gulfstar 36' Mark II base $33,400
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Old 01-30-2014, 07:04 PM   #13
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Quote:
Originally Posted by Tad Roberts View Post
Prices were escalating rapidly..... In January 1974
Gulfstar 53' Motortrawler base price with twin 165 HP Perkins $109,000
Gulfstar 43' Mark II base $47,975
Gulfstar 36' Mark II base $33,400
Yep, the first oil crisis was when? Big jumps in oil prices by 1974, and it hasn't stopped since.
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Old 01-30-2014, 07:53 PM   #14
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Just an FYI...

$25,000 in 1974 = $118,132.35 - $126,108.7 in 2014, depending on whose inflation algorithm you use.
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Old 01-31-2014, 07:40 PM   #15
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From November 1971

Click image for larger version

Name:	Gulfstar36.jpg
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Old 02-01-2014, 07:55 AM   #16
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Teak trim package (exterior) $675
Teak anchor platform $525

Nowadays, I wonder how many of us would just say No on the "Teak options" I know I would!
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Old 02-01-2014, 08:49 AM   #17
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Thanks, Tad, for finding (and posting) the picture of the "stalwart, economical, world-ranging" Gulfstar 36 from 1971. Little bit of hype there, but that is only to be expected. However, the fact that a lot of them are still doing just fine 40+ years later is a good testimonial. Mine has had to have the teak removed, new fuel tanks installed, and the hull scraped and a barrier installed (all by previous owners) but other than that is pretty much the same as it was back then. And I fully expect it to last me for many more years to come.
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Old 02-01-2014, 09:19 AM   #18
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jwnall -
Do you know any of the details about the new fuel tanks? My 73' has a single integral ply/glass tank of 250 gallons under the galley deck and into the engine room. I can't imagine what it would take to remove it.
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Old 02-01-2014, 09:32 AM   #19
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Geez, John, I sold you that boat too darn cheap! :-)

I don't think it ever had teak decks, by the way. And the Anchor platform, which is one of the nicest things on that GS was an aftermarket addition made by an owner prior to me.

Bligewater, the original fuel tank is still in John's boat. They opened up a hatch in the galley floor above it, cut the top out of the tank, cleaned it and left it.

The new (the tags are from around 1999, right John?) tanks are saddle tanks, 120 gallons each installed outboard of each engine.

They left the original deck fill and just cut off the hose, I pulled it out and filled the hole in the deck. The new fills are in each side deck aft of the old one.

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Old 02-01-2014, 09:42 AM   #20
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I stand corrected. In case it is not obvious, I bought the boat from Doug, and he knows a lot more about it than I do. :-)

So far as selling it to me too cheap, well, I kind of thought the price was lower than what I would have thought it would have been. However, I had a $40K budget for buying a boat (since I would only pay cash), and so had it been above that then I would have had to pass on it. So it all worked out. :-)
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