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08-27-2018, 08:09 PM
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#1
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Guru
City: Sharon, Ma
Vessel Name: Slow Lane
Vessel Model: 2005 Silverton 35 Motoryacht
Join Date: May 2017
Posts: 1,129
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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
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Jason
2005 Silverton 35 Motoryacht
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08-27-2018, 08:32 PM
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#2
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Senior Member
City: NW Washington State
Vessel Name: Kingfisher
Vessel Model: 37' converted gillnetter/crabber
Join Date: Oct 2017
Posts: 430
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A 50 year old, $240K Tolly is mind-boggling.
A $600K refit on said Tolly is insane.
An $85,000 paint job?!? WTF?!?
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Anson & Donna
Be kind whenever possible. It is always possible. ~The Dalai Lama
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08-27-2018, 08:45 PM
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#3
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Guru
City: Longboat Key, FL
Vessel Name: Bucky
Vessel Model: Krogen Manatee 36 North Sea
Join Date: Oct 2009
Posts: 5,032
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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.
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Larry
"When life gets hard, eat marshmallows”.
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08-27-2018, 09:01 PM
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#4
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Guru
City: Seabrook
Vessel Name: Boku
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 715
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Quote:
Originally Posted by Sabre602
A 50 year old, $240K Tolly is mind-boggling.
A $600K refit on said Tolly is insane.
An $85,000 paint job?!? WTF?!?
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Sounds fishy. I wonder what the actual numbers were.
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08-27-2018, 09:17 PM
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#5
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Guru
City: Seattle
Vessel Name: AZZURRA
Vessel Model: Ocean Alexander 54
Join Date: Aug 2017
Posts: 2,355
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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.
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08-27-2018, 10:19 PM
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#6
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Guru
City: Au Gres, MI
Vessel Name: Never Say Never
Vessel Model: President 41 DC
Join Date: Jul 2015
Posts: 10,755
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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.
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08-27-2018, 10:22 PM
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#7
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Guru
City: Seabrook
Vessel Name: Boku
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 715
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Quote:
Originally Posted by Comodave
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.
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You didn't mention the kitchen sink. 
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08-28-2018, 02:04 AM
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#8
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Guru
City: Queensland
Vessel Model: Milkraft 60 converted timber trawler
Join Date: Jul 2016
Posts: 3,240
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Quote:
Originally Posted by Sabre602
A 50 year old, $240K Tolly is mind-boggling.
A $600K refit on said Tolly is insane.
An $85,000 paint job?!? WTF?!?
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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
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08-28-2018, 09:34 AM
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#9
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Senior Member
City: Bainbridge Island/Petersburg Alaska
Vessel Name: Oz
Vessel Model: Bluewater 40' RPH 1979
Join Date: Feb 2015
Posts: 309
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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
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08-28-2018, 09:47 AM
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#10
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Guru
City: Here
Join Date: Sep 2012
Posts: 2,946
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Why ? Because he could.
Same reason this fella put 21yrs and $2,500,000 building this
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08-28-2018, 11:06 AM
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#11
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Guru
City: Seabrook
Vessel Name: Boku
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 715
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Quote:
Originally Posted by Tator
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
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Is it really that smart to take a $400k loss?
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08-28-2018, 11:19 AM
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#12
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Guru
City: Jacksonville
Vessel Name: Alzero
Vessel Model: Hatteras 63' CPMY
Join Date: Apr 2017
Posts: 1,640
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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.
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08-28-2018, 11:19 AM
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#13
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Senior Member
City: Anacortes
Join Date: Mar 2016
Posts: 323
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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.
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08-28-2018, 11:24 AM
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#14
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Guru
City: Seabrook
Vessel Name: Boku
Vessel Model: 1996 Mainship 37 M/Y
Join Date: Oct 2016
Posts: 715
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Quote:
Originally Posted by Woodland Hills
It is if $400k is just walking around money.....
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Is he single perhaps? Cause I’d marry just about anyone who had that kind of money.
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08-28-2018, 11:24 AM
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#15
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TF Site Team
City: Westerly, RI
Vessel Name: N/A
Vessel Model: 1999 Mainship 350 Trawler
Join Date: Jan 2014
Posts: 2,863
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Quote:
Originally Posted by Tator
In fact, one of the smartest, most practical persons I have met. Think global, all encompassing self made engineering types.
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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......)
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08-28-2018, 11:28 AM
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#16
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Guru
City: Narragansett Bay
Vessel Model: Grand Banks 36
Join Date: Sep 2016
Posts: 1,141
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Quote:
Originally Posted by toocoys
Is it really that smart to take a $400k loss?
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You are learning the true meaning of indepent wealth. You can do what makes you happy. Nothing to do with smart or dumb.
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08-28-2018, 11:38 AM
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#17
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Guru
City: Duvall, Wa
Vessel Name: Beach Music II
Vessel Model: 2003 Mainship 430 Trawler
Join Date: Aug 2014
Posts: 721
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Have I missed something? I don't see a generator listed anywhere in the specs.
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08-28-2018, 11:54 AM
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#18
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Guru
City: Quebec
Vessel Name: Bleuvet
Vessel Model: Custom Built
Join Date: Jan 2016
Posts: 4,176
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Fuel tank 265gal, looks pretty small for a boat burning 20g/h at cruise speed no?
L
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08-28-2018, 01:25 PM
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#19
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Guru
City: Ft Pierce
Vessel Name: Freedom
Vessel Model: Albin 40
Join Date: Oct 2011
Posts: 22,985
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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.
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08-28-2018, 02:03 PM
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#20
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Guru
City: st pete
Vessel Model: 400 Mainship
Join Date: Sep 2016
Posts: 2,692
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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.
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Seevee
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