As many of you have already noticed, the Hagerty Classic Boat Value Guide was released a couple weeks ago. This value guide is a huge step in helping the Classic Boat world. It’s a guide for folks thinking of buying a classic boat, and a reference for folks selling. It helps restorers justify a quality restoration, and as the values adjust, we can see what is hot, and what is not. It can help you not over insure or under insure. The pricing on our beloved classic boats is all over the place since they are for the most part emotional purchases. When you want one, its whatever your heart can afford, and when you are done with them, what ever your wife will not kill you over what you sell it for. This price guide, helps. “It’s a guide, not the Gospel”, that is what Dave Kinney, the author of the guide had to say at our fun dinner the other night with David and Alan Himes a long time pal that is a big time collector and racer. These two guys know more about how the collector car world operates than anyone else I know, and are a hoot to hang out with to boot.
We had the dinner in order to give you all the behind the scenes look at what it takes to heard the “value” cats of classic boats. Dave is a loooong time appraiser of all things cool, mostly cool cars, and now boats. Dave’s company is US Appraisal for cars only, and the Hagerty Price Guide published 3 times per year, and cover cars from 1946 forward, makes him the perfect guy to put all this together. It took hundreds of hours to complete, and it’s always changing. He studied sales trends, auctions, spoke with sellers, brokers and collectors and a myriad of other things that appraisers use to value things. We talked about regional differences, conditions of boats, and values of certain restorers. We all know a restoration by Dan Nelson is far more valued then one by Lenny is the back of the local marina.. A guarantee like at Katz’s Marina, or Water Certified boat from Antique Boat Center adds a bunch..A fiberglass bottom done at Sierra Boat Co. vs anyplace else. Was the motor done by Van Ness, or the local Napa dealer? Is it the Real Golden Pond boat? or one of the 500 fake ones out there? All are different value adds. We all commented on how the pre-war boats have not grown like the post war boats. And brought up the issue of the 25 sportsman price that just seemed way out of whack. That is being addressed.. Alex… One can image the complexity of such an undertaking. All over the world classic boats are being restored, bought and sold daily in many subjective ways. Now thanks to Hagerty and David, we have a value guide to help us.