Woodland Hills
Guru
Yeah you’re right about resale. If you can get away with making it safe and functional for, say $250k, then you can explore the seven seas wonderfully. Use it for a solid ten years and perhaps it’s worth every penny, because on resale that 50 year old monster will be worth much less than 100k.
Here’s the thing I can’t wrap my head around: owner had the financial wherewithal’s to build it, own it for 30+ years, fuel it for 12 transAtlantics, but then it is totally neglected and decays in the last 5 years?
I believe the add said he was dead. Perhaps he fell ill and was unwilling to worry about a boat while he was declining. Dementia is also a possibility......