This is an interesting deal

South of Heaven · 08-27-2018, 08:09 PM

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

Sabre602 · 08-27-2018, 08:32 PM

A 50 year old, $240K Tolly is mind-boggling.

A $600K refit on said Tolly is insane.

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

healhustler · 08-27-2018, 08:45 PM

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.

toocoys · 08-27-2018, 09:01 PM

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?!?

Sounds fishy. I wonder what the actual numbers were.

tiltrider1 · 08-27-2018, 09:17 PM

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.

Comodave · 08-27-2018, 10:19 PM

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.

toocoys · 08-27-2018, 10:22 PM

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.

You didn't mention the kitchen sink.

Simi 60 · 08-28-2018, 02:04 AM

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?!?

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

Tator · 08-28-2018, 09:34 AM

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

boatpoker · 08-28-2018, 09:47 AM

Why ? Because he could.

Same reason this fella put 21yrs and $2,500,000 building this

toocoys · 08-28-2018, 11:06 AM

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

Is it really that smart to take a $400k loss?

Woodland Hills · 08-28-2018, 11:19 AM

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.

sean9c · 08-28-2018, 11:19 AM

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.

toocoys · 08-28-2018, 11:24 AM

Quote:

Originally Posted by Woodland Hills

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.

**Shrew** · 08-28-2018, 11:24 AM

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.

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......)

Cigatoo · 08-28-2018, 11:28 AM

Quote:

Originally Posted by toocoys

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.

porman · 08-28-2018, 11:38 AM

Have I missed something? I don't see a generator listed anywhere in the specs.

Lou_tribal · 08-28-2018, 11:54 AM

Fuel tank 265gal, looks pretty small for a boat burning 20g/h at cruise speed no?

L

psneeld · 08-28-2018, 01:25 PM

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.

Seevee · 08-28-2018, 02:03 PM

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.