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Old 07-23-2020, 11:46 PM   #101
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Originally Posted by lwarden View Post

That Selene is a really nice boat, if someone gets it for south of $600K they will be happy. Worst case plane down, glass, fair and paint and you would have an awesome boat.
I'd plan up to $200k for refinishing it and make arrangements with Delta for them to look at it and then do the work if I won. It would seem to me to likely be salvageable.
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Old 07-24-2020, 09:07 AM   #102
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Selen

Very good advice below




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Opus

Have you or your qualified representatives seen this boat? Have you pursued local knowledge for background, beyond the salvage company, regarding vessel in question? Also, investigate leaving this vessel in WA for very long as 10% sales taxes will kick in.

The folks at Salmon Bay Marina can help with shipping advice.
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Old 07-24-2020, 10:33 AM   #103
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“We purchased a year long cruising permit in WA which allows us to keep it up there and avoid sales tax (both in WA and CA).”


Be careful about that. If you buy a one-year cruising permit in Washington, you are obligated to keep your boat out of Washington waters for two full years when your permitted year concludes. If you bring your boat into Washington waters during that two year period after your permit expires - for even a day - you will trigger an obligation to pay WA state use tax (which is the same amount as sales tax) and annual excise tax on your boat.


Back on the thread: We’re now cruising in BC on a new-to-us Selene 43. We couldn’t be happier, and the boat has served as a comfortable and seaworthy home during the Covid episode, due in large part to a very conscientious previous owner. We have no regrets about our decision.
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Old 07-25-2020, 12:25 PM   #104
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I need to get on a Selene 43. Anyone giving tours in the PNW PM me.
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Old 07-25-2020, 12:48 PM   #105
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Hmmmm, beginning to sound like Washington is worse than Calif.
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Old 07-25-2020, 08:32 PM   #106
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Originally Posted by Kawini View Post
“We purchased a year long cruising permit in WA which allows us to keep it up there and avoid sales tax (both in WA and CA).”


Be careful about that. If you buy a one-year cruising permit in Washington, you are obligated to keep your boat out of Washington waters for two full years when your permitted year concludes. If you bring your boat into Washington waters during that two year period after your permit expires - for even a day - you will trigger an obligation to pay WA state use tax (which is the same amount as sales tax) and annual excise tax on your boat.
.
Thanks for the warning but we are very aware of the WA rules on the cruising permit.
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Old 07-30-2020, 11:38 AM   #107
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Hi Opus,
I just realized the 27th has come and gone. Any word yet on how this turned out? Were you successful?!
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Old 07-30-2020, 12:39 PM   #108
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Take to a Hinkley yard and have it repainted the same color. I would think it would be fine.
No mention of active stabilizer and a water maker, a list of electronics would be nice, bow thruster and stern thruster.
Add fuel, water, stores and some spare parts and oil......
I’m sure there will be enough folks here willing help run it, for free.
New owner provide the provisions and fuel, a small cruise ship. Next destination?
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Old 07-30-2020, 12:45 PM   #109
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Last I was aware of Anacortes WA was still in the US
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Old 07-30-2020, 12:49 PM   #110
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Last I was aware of Anacortes WA was still in the US
Due to recent activity in WA, it may end up as a 3rd world.
The listing was a bit confusing, mentioned stored in France.
I cant find the videos. SHRUG
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Old 07-30-2020, 07:31 PM   #111
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I see the auction is over, did the boat sell?
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Old 07-30-2020, 08:41 PM   #112
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Finally. I've been following this from the beginning. Ok so who bought it?
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I see the auction is over, did the boat sell?
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Old 07-30-2020, 08:43 PM   #113
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Finally. I've been following this from the beginning. Ok so who bought it?
Until they receive some money and figure out if they have to go to any of the other bidders, you won't hear a word.
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Old 08-04-2020, 02:53 PM   #114
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OK, so we just received the scoop on this auction from our broker based up in Anacortes.

The boat sold in the upper $800k range (after 12% buyers fee), and the new owners are on board today.

We understand that the insurance company had the salvage company put the boat out for an extra day of bidding after rejecting the first round of bids. So, the auction didn't close until Friday at Midnight.

We also obtained some additional background on the insurance claim from the insurance broker whose client formerly owned the boat. Apparently, the original owner had a Traveler's Luxury policy on the boat that included coverage for latent manufacturing defects. The owner used that clause to force an attempt at remediation (repainting the hull), when that did not fix the issue to their satisfaction, they pressed for a settlement.

We viewed the boat prior to the auction, and if we had paid anywhere near $1.8M we would have pressed the issue too. On the other hand, if we had been lucky enough to purchase the boat through the auction (even at upper $800k range), we would have simply named it appropriately and cruised it as is for the next 20 years ;-)

Everything we learned about this boat suggested it is just a cosmetic issue.

That is the story as we know it.

Congratulations to the new owner, it is an amazing boat!
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Old 08-04-2020, 03:17 PM   #115
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I guess that they are happy that they had that level of insurance on the boat.
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Old 08-04-2020, 03:53 PM   #116
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OK, so we just received the scoop on this auction from our broker based up in Anacortes.

The boat sold in the upper $800k range (after 12% buyers fee), and the new owners are on board today.

We understand that the insurance company had the salvage company put the boat out for an extra day of bidding after rejecting the first round of bids. So, the auction didn't close until Friday at Midnight.

We also obtained some additional background on the insurance claim from the insurance broker whose client formerly owned the boat. Apparently, the original owner had a Traveler's Luxury policy on the boat that included coverage for latent manufacturing defects. The owner used that clause to force an attempt at remediation (repainting the hull), when that did not fix the issue to their satisfaction, they pressed for a settlement.

We viewed the boat prior to the auction, and if we had paid anywhere near $1.8M we would have pressed the issue too. On the other hand, if we had been lucky enough to purchase the boat through the auction (even at upper $800k range), we would have simply named it appropriately and cruised it as is for the next 20 years ;-)

Everything we learned about this boat suggested it is just a cosmetic issue.

That is the story as we know it.

Congratulations to the new owner, it is an amazing boat!
I wonder if Travelers is then making a claim against Selene and their insurer.
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Old 08-04-2020, 04:50 PM   #117
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High 800’s sounds like a good price for the boat. Anyone know how that price compares to past comps for the same boat without the paint issue?
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Old 08-04-2020, 04:59 PM   #118
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I wonder if Travelers is then making a claim against Selene and their insurer.
I wondered that too. I'd love to be a fly on the wall for the negotiations between insurer, owner and manufacturer. I guess this process has established the financial value of the defect. That was probably a major point of contention from the start.
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Old 08-04-2020, 06:39 PM   #119
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I wonder if Travelers is then making a claim against Selene and their insurer.

I would expect so, especially since it was likely still under warranty. Or maybe the finish is excluded.
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Old 08-04-2020, 07:23 PM   #120
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I wonder if Travelers is then making a claim against Selene and their insurer.
I wonder what the original owner had to eat and if he got anywhere near replacing what he had. In any case, it had to have left him with a bad taste.
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