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07-23-2020, 11:46 PM
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#101
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Guru
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 21,449
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Quote:
Originally Posted by lwarden
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.
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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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07-24-2020, 09:07 AM
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#102
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Senior Member
City: Semiahmoo
Vessel Name: Navigator
Vessel Model: Mariner/Helmsman 38
Join Date: May 2018
Posts: 179
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Selen
Very good advice below
Quote:
Originally Posted by sunchaser
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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07-24-2020, 10:33 AM
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#103
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Senior Member
City: Santa Fe, NM
Vessel Name: High Slack
Vessel Model: Selene 43
Join Date: Aug 2013
Posts: 152
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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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07-25-2020, 12:25 PM
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#104
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Senior Member
City: Semiahmoo
Vessel Name: Navigator
Vessel Model: Mariner/Helmsman 38
Join Date: May 2018
Posts: 179
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I need to get on a Selene 43. Anyone giving tours in the PNW PM me.
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07-25-2020, 12:48 PM
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#105
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Guru
City: Aventura FL
Vessel Name: Kinja
Vessel Model: American Tug 34 #116 2008
Join Date: Oct 2017
Posts: 10,595
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Hmmmm, beginning to sound like Washington is worse than Calif.
__________________
Two days out the hospital after a week in the hospital because of a significant heart attack.
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07-25-2020, 08:32 PM
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#106
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Guru
City: San Diego
Vessel Name: North Star
Vessel Model: Lindell 36
Join Date: Jun 2020
Posts: 530
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Quote:
Originally Posted by Kawini
“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.
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Thanks for the warning but we are very aware of the WA rules on the cruising permit.
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07-30-2020, 11:38 AM
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#107
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Guru
City: Malmö
Vessel Name: ABsolutely FABulous
Vessel Model: Greenline 33 Hybrid (2010)
Join Date: Nov 2019
Posts: 1,509
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Quote:
Originally Posted by OPUS
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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?!
__________________
Scott
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07-30-2020, 12:39 PM
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#108
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Guru
City: Aventura FL
Vessel Name: Kinja
Vessel Model: American Tug 34 #116 2008
Join Date: Oct 2017
Posts: 10,595
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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?
__________________
Two days out the hospital after a week in the hospital because of a significant heart attack.
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07-30-2020, 12:45 PM
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#109
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Guru
City: Campbell River
Vessel Name: Okisollo
Join Date: Apr 2012
Posts: 783
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Last I was aware of Anacortes WA was still in the US
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07-30-2020, 12:49 PM
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#110
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Guru
City: Aventura FL
Vessel Name: Kinja
Vessel Model: American Tug 34 #116 2008
Join Date: Oct 2017
Posts: 10,595
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Quote:
Originally Posted by Ted
Last I was aware of Anacortes WA was still in the US
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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
__________________
Two days out the hospital after a week in the hospital because of a significant heart attack.
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07-30-2020, 07:31 PM
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#111
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Member
City: Punta Gorda
Join Date: May 2018
Posts: 13
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I see the auction is over, did the boat sell?
Mike
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07-30-2020, 08:41 PM
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#112
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Guru
City: Santa Cruz, CA
Vessel Name: Concerto
Vessel Model: 1980 Cheoy Lee
Join Date: May 2013
Posts: 1,531
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Finally. I've been following this from the beginning. Ok so who bought it?
Quote:
Originally Posted by MJ Weenz
I see the auction is over, did the boat sell?
Mike
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07-30-2020, 08:43 PM
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#113
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Guru
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 21,449
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Quote:
Originally Posted by bligh
Finally. I've been following this from the beginning. Ok so who bought it?
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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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08-04-2020, 02:53 PM
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#114
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Veteran Member
City: Everett
Vessel Name: Sound Trek
Vessel Model: 2008 Meridian 490
Join Date: Nov 2017
Posts: 50
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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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08-04-2020, 03:17 PM
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#115
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Moderator Emeritus
City: Au Gres, MI
Vessel Name: Black Dog
Vessel Model: Formula 41PC
Join Date: Jul 2015
Posts: 21,185
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I guess that they are happy that they had that level of insurance on the boat.
__________________
Boat Nut:
If you are one there is no explanation necessary.
If you aren’t one, there is no explanation possible.
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08-04-2020, 03:53 PM
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#116
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Guru
City: Fort Lauderdale. Florida, USA
Join Date: Jan 2014
Posts: 21,449
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Quote:
Originally Posted by GMS
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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I wonder if Travelers is then making a claim against Selene and their insurer.
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08-04-2020, 04:50 PM
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#117
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Guru
City: San Diego
Vessel Model: Helmsman 4304
Join Date: May 2016
Posts: 2,005
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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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08-04-2020, 04:59 PM
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#118
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Guru
City: Guelph
Vessel Name: Escapade
Vessel Model: 50` US Navy Utility trawler conversion
Join Date: Nov 2015
Posts: 2,432
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Quote:
Originally Posted by BandB
I wonder if Travelers is then making a claim against Selene and their insurer.
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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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08-04-2020, 06:39 PM
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#119
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Guru
City: Vermont
Join Date: Jan 2013
Posts: 10,092
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Quote:
Originally Posted by BandB
I wonder if Travelers is then making a claim against Selene and their insurer.
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I would expect so, especially since it was likely still under warranty. Or maybe the finish is excluded.
__________________
MVTanglewood.com
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08-04-2020, 07:23 PM
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#120
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Guru
City: West Coast
Join Date: Dec 2018
Posts: 1,008
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Quote:
Originally Posted by BandB
I wonder if Travelers is then making a claim against Selene and their insurer.
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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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