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Old 05-27-2021, 06:05 AM   #1
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1977 Grand Banks 42 - $389,000

This is a beautiful boat that looks like it's had a lot of work and upgrades done (I have no affiliation with this boat whatsoever, just saw the listing in my own searching):

https://www.yachtworld.com/boats/197...assic-3837563/

What do you think of the price?
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Old 05-27-2021, 10:48 AM   #2
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Beautiful. It’s a perfectionist’s boat. I don’t think wiping my feet before boarding would be enough. Like dumping a lot of money into a car you’ll never see again. I guess someone could come along, appreciate the work and pay the price. However, it’s just a boat, in my opinion. I would offer $189k...
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Old 05-27-2021, 12:08 PM   #3
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Quote:
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What do you think of the price?
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Old 05-27-2021, 12:09 PM   #4
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The price must be a misprint, surely he meant 1 instead of a 3, because fully restored 42’s (new tanks, engines, gens, electronics, plumbing and electrical, with total repaints) have sold for under $189k.
I mean the broker hasn’t even bothered to put together a spec sheet.
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Old 05-27-2021, 01:38 PM   #5
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"It only takes one right buyer" say a million brokers, forever
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Old 05-27-2021, 01:49 PM   #6
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If they ever open a grand banks museum this could be the main exhibit. Beyond that, I really don't think that price could be justified considering the number of really well maintained/restored GB 42's that are out there for way, way less. Frankly, with that mirror finish Id be afraid of ever taking the thing out of the boathouse! Forget about anchoring!
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Old 05-27-2021, 01:53 PM   #7
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It is a very nice looking boat.

Maybe its an example of -

Significant other: "Honey, I want you to sell the boat, you have spent way to much time and money on it"

Other: "Yes dear, I will put it up for sale" as he mutters under his breath, "at a price no one will buy it so I can enjoy it myself!"

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Old 05-27-2021, 05:21 PM   #8
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A Grand Banks would be my dream boat. I always thought they had character and a salty look. Had a proper trawler look.
But not that one. While I admire the time, effort, and money that went into that boat I don't like the look. Seems almost sterile. No varnishing on the outside other than the transom, but it just doesn't look right.
IMHO.
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Old 05-27-2021, 05:40 PM   #9
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I would expect the engines to look pristine for that price, but they do not.
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Old 05-27-2021, 07:09 PM   #10
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LOL! @JLD, @Giggitoni, @Moonfish, @Mortensi, thanks!! That was my reaction as well. Beautiful boat, but an absolutely bonkers insane price. I thought I might have been missing something.

Whether it's someone who doesn't really want to sell the boat unless the proverbial "right buyer" comes along (which means a fool with more money than sense), or a greedy broker giving bad advice and hoping for a one-in-a-million buyer in this crazy seller's market, as nice as the boat is, it's hard for me to see paying almost as much as a new Helmsman costs for a boat that's over 40 years old.

YMMV.
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Old 05-28-2021, 11:28 AM   #11
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Methinks the broker slipped a decimal point in the listing. While GB42's are certainly iconic, and there may well be someone willing to pay the asking price for this one, please put me in the "not me" column.

Regards,

Pete
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Old 05-28-2021, 12:02 PM   #12
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The owner must not like teak ...

And they destroyed the flying bridge to put a skylight!!!
Attached Thumbnails
skylight.jpg  
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Old 05-28-2021, 05:05 PM   #13
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The owner must not like teak ...

And they destroyed the flying bridge to put a skylight!!!
LOL!!!

I thought that was the most, um, interesting modification. I can understand deleting some brightwork to cut down on maintenance. But to ruin the utility of a flybridge for the sake of a sunroof?! Seems to forgo the possibility of keeping a dinghy up there, with that crazy rail surrounding the skylight!

The funniest and most outrageous thing is, in this insane sellers market, someone might actually pay up for it.
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Old 05-28-2021, 07:01 PM   #14
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Stunning example. BUT that's a lot of greenbacks for a 40 year old boat.
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Old 05-29-2021, 02:42 AM   #15
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And they destroyed the flying bridge to put a skylight!!!
I was thinking that might be an engine-removal hatch. I've seen those built into other boat models (usually not so obviously).
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Old 05-29-2021, 06:04 AM   #16
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I've never seen a windlass mounting like that before.
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Old 05-29-2021, 09:22 AM   #17
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The paint work looks to be first class.

Not sure why the skylight could not have been flush and as strong as the deck.

What else could you buy for $389,000? There are some FAR nicer boats in that price range.(diesel duck in Charlevoix, Mi from JMYS)

At that price I would want a master stateroom that was off the charts roomy and appointed.

At that price I assumed a repower and new genny.

The boat is a spectacular example of a 1977 GB 42 and has had a ton of money and man hours spent on it, but this does not necessarily equate to a return on investment. $235,000 plus or minus $35,000 is my guess.

I would imagine the owner of this boat is as impressive as the boat itself.
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Old 05-29-2021, 10:05 AM   #18
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This electronically nude vessel looks like a well executed long term project which somebody got tired of. The boat does not look like a cruised vessel at all.
No visible radar display, plotters, AIS, etc, etc. There is a legacy Benmar AP drive motor hanging from the overhead in the ER. I had one in my '72 GB42 too, and I modified it to work with a modern digital AP brain. There is a hole in the lower helm console where the old Benmar AP control switches went.

Where are the dinghy chocks on the aft cabin top? For that mater where is the boom and tackle to hoist a dink? There is no evidence of a transom rig to handle a dink back there either.
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Old 05-29-2021, 03:56 PM   #19
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We have our hearts set on a GB. If I was a millionaire, Id buy it. Its exactly what I envision for a boat. But I'm not so ...
All the GBs we've researched online have had teak decking, but this one doesn't. I guess this model/option doesn't come up for sale a lot?
Regardless, it's a beautiful boat.
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Old 05-29-2021, 05:36 PM   #20
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Originally Posted by We Love Sharks59 View Post
We have our hearts set on a GB. If I was a millionaire, Id buy it. Its exactly what I envision for a boat. But I'm not so ...
All the GBs we've researched online have had teak decking, but this one doesn't. I guess this model/option doesn't come up for sale a lot?
Regardless, it's a beautiful boat.
You are likely not looking for a wood boat, but the '72 GB42 I sold six years ago has had the teak deck carefully glassed over by the new owner. Its exterior is a bit rough cosmetically because of his illness and now very recent death, but he had it for sale at $45 and was willing to drop a lot to get it off his wife's plate. I have heard of a lot of GB owners who thought the right thing to do was to cover the decks, and some of them must be coming up for sale someday. I never worried about the decks, and they were fine with minimal maintenance.
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