To milk the Hydro story a little more. And did you expect any less from me. What is this worth? And for that matter what is any classic boat worth? And add into that the crazy covid inflation that has happened over the past year. Demand for any boat, or RV etc with supply being tough to deliver, has created some crazy stories.
Why is this Hydro so interesting from a money perspective? Does anyone need a vintage Hydro? Nope. The only rational reason you would need one is to race. In 1941. So it’s an emotional purchase, and this is where we all in our passion come in. There is NO rational reason to own or restore a classic boat. NONE! It’s all 100% emotional, and one thing is for sure, emotion has no price point. Sure it has limits…if you have financial limits. Money is just a thing to use to trade for things you need, want, and so on. Thats all it is. A common element used to do things that anyone can accept. It has zero emotion, and is just that.
Something to trade. So where is the line? The line is at the intersection of Want and can afford street. There is no way to pay too much, or too little. Deals are made by two people. Both want. And they come to an agreement. You were warned about the cliche thing.
So what is the Hydro worth? Since so few are out there. Whatever the buyer and seller agree to. Period.
Our boats are not a commodity. There is no process in place to sell wholesale to a huge parking lot of other used classic boats. Not really even a Mecum situation really. It’s no different than buying art. Not Art Armstrong BTW, he is priceless.
So back to the topic. The Hydro is a $300,000 boat! After all, who would have thought an old 356 Porsche would be a $500K car? Or a Cobra in the millions?
The hydro is that rare, and regardless of how bumpy it rides. It is pure, and designed with one purpose. Zero compromise, and that makes it that collectable. Even if its new purpose is to sit there and be gazed at.