Pricing restored boats

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Shackleton

Member
Joined
Sep 16, 2024
Messages
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LOCATION
Duluth, MN
I have restored and sold a few boats and pricing them is sometimes challenging for me. I am a restoration professional, but boating is new for me so I don't always know how to read the market. I'm looking for a little perspective on pricing one of my boats. If anyone would be willing to take a look at this boat and tell me what you'd be willing to pay for it I would greatly appreciate it. Also any advice as far as what to include/exclude in the description would be helpful

Thank you!

Description:

A meticulously restored Grumman 14 Ft V-hull.

-New transom: stained and sealed with Spar Polyurethane; inset epoxy sealed transom mount plate

-Keel and Rivets: polished and professionally sealed with epoxy

-Above-the-waterline finish: painted and clear coated with marine clear coat;

-Hardware: new stainless hardware on handles and transomHandles/Oar locks: painted and epoxy coated; upper trim also epoxy coated

10 HP Johnson Motor includedI have a detailed photo/video record of the restoration process start to finish - just ask if you'd like to see it

 

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Unfortunately boats are not like cars where they value can rise a lot after restoration. Your best bet would be the antique motor collectors that might be looking for specific years to compliment an outboard motor. Every area is different....by the way....nice looking boat !!
 
I realize this is an older post but its a valid question and a boat I'm familiar with. I owned a 1988 Grumman SS that looked about like yours. I had it from new. It cost me $949 plus tax They were built for Grumman or OMC who owned Grumman by Lowe. Like the other OMC boats the used marine plywood and it was known to eat through the aluminum. It was worse if you ran in saltwater and not nearly as bad in freshwater areas,

Unless an older boat is something special either by design or style they don't bring any more than a good used modern boat.
As someone who us actively looking for a boat I'm more looking for a super deal not a restored boat. At best I can't see it being worth any more than half of what ever a new similar boat would cost brand new.

Being it appears to be a Lowe built hull we have a good modern example to compare it to which I recently priced. For a very similar current model WV1470 which measures 14ft 6in long lists for $5,351 for the bare hull. I'm pretty good friends with the dealer and can get it for a good bit less and the new Lowe us probably a bit longer and a bit wider than the older Grumman. Lowe is one of the more affordable brands these days as well. Since I can own one for less, lets say $3,600 for a round number, and that's minus any add on options No trailer. no anchor, no motor, fuel tank, nothing but the hull that'll arrive in 4 to 5 months if its not in stock.
Age or reputation can hurt the price a bit too bit but if new is not readily available a clean used boat becomes far more attractive.

There's two way to look at this now.
First as a buyer I want a deal, I see an older boat that first off 'needed' to be restored' which makes me wonder why and what needed to be repaired as well as how and why.
The Grumman name there hurts it to those who know about the corrosion issues in the 80's and 90's.
(The Grumman boats most sought after had round tubular gunwales).
As a buyer who has been around boats my whole life I'd prefer a super clean all original survivor rather than a repaint but that's me and not likely the general buying public.

Now, if it were mine, and I had a ton of work in it and knew the boat was perfect there's no way I'd let it go for anywhere less than half the cost of a new one. But what hurts this thinking is there's always some widow selling her dead husbands boat for what he told her he paid for it 40 years ago or the money desperate kid who don't fish dumping dad's old boat to buy the latest video game or cell phone.

I bought my 17ft boat from a kid whose dad had bought a new boat and given up on small water fishing to spend his retirement deep sea fishing. He used the boat for a few months, found out his wife was having twins and his job was moving him 1000 miles south. What should have been a $3,500 or more boat got put on CL first for $2k, then $1,500, then $1k, then $800, then $500, and then $300, and finally $250 obo. When I picked it up he insisted on me testing it on the water but I was perfectly happy to take it no matter what for that price. (I was actually a bit surprised that it was still for sale after a week on CL like that but lately I've found a ton of deals there for dirt cheap).
Now if I were to price it for sale, I wouldn't take less than $6k for it but its not for sale.
 
The point of the seller and the point of the buyer are never the same.
The best you can do when putting a price on something someone else is trying to sell is to think what price would make you let that particular item go. What the local market dictates really means very little these days since a lot of folks find what they want on the internet and will travel or pay to have it shipped regardless of its location.
More than half of the boats and motors I've bought or sold over the past 30 years have been either bought far from home or sold to someone who traveled over 500 miles.
I just sold an old Montgomery Wards Sea King boat that I bought in Salisbury, VA about 6 years ago to a guy who drove down from Houlton, ME. It had GA numbers on it when I found it.

He showed up for it driving a Tesla and he strapped the boat to the roof. He brought a dozen Harbor Freight shipping blankets and several lengths of pool noodles that he slit and put over the gunwales. He padded the roof on both sides with blankets and tied the boat down fore and aft under the car. It was nearly as big as the car, It was listed for four years with no takers for $1,600. It was fairly clean, it had been repainted several times but didn't leak. He said he it was just like the one he had as a teen in the 60's.

The reality is he couldn't buy that boat new these days and even if he can buy something similar he would have paid near double.
That boat was repainted and far from restored in any sense of the word but most small aluminum boats need very little to be as good as new again other than paint or transom wood.
 

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