In yesterdays story Woody Boater Cynic Charlie left a comment that sadly rings kinda true, True if you see the world falling apart, and adopt the “Kids these days view of the universe” Here it is regarding the 25 Continental for sale feature.
“Cheer leaders for the 25 ft Chris Craft is what I read; wishful thinking; few people understand or care how the bullnose and the semi make this boat rare and exceptional; old Chris Craft fans are retired and trying to sell these boats before their estate trustee is saddled with this task; they aren’t buying these boats > most people just see a hull that’s made of wood, lots of work to maintain the varnish and the boat won’t make reserve on eBay; come on Matt, do a story when this auction closes on why this boat didn’t sell;”
Okay, lets speak to this. Because on so many levels Charlie is right, and wrong. And you all know I love this stuff, cause there is no correct answer and in the end, I get clicks and you all get to voice your opinion.
Personally I am a glass half full person, and I think Kids these days are fantastic, and in fact as a former “Kid these days”, I see a never ending rhythm of stuff like this. Kids are kids. Old farts are old farts, and thats just life.
To correct Charlie, classic boats, and yes wood boats have been selling big-time to a far younger person. In an article by the Robb Report featured here a month ago, many of the boat dealers spoke on this topic. And it makes sense. The Millennial mind set is now a parent, and buying homes on the water and inspired by the Instagram lifestyle. And classic Woody Boats are the apidimi of lake life and image conscious people.
$115K is chump change to younger folks like this. Here is why. They are buying starter homes for around 1 million, A shippy center console or pontoon boat is over 100K and the car they drive is $75K. Thats life now and to us, still handing out 25 cent tips to the young man at the grocery store are still baffled. To us, the over 60 universe we are living in a different economy with little hope for an upside, and somewhat frozen in our universe, so $100K is insane money.
BTW, if you look at your bank account lately, it seems like most anything that needs to be done around the house, car office is around $5-$10K thats the new $1K. Inflation? yes. Time? Yes. So. Charlie, will this boat sell for $115K to some kid..50 year old kid…YES, for $115? Don’t know .. But one thought to consider is that $115K today was $85K two years ago. And would cost $200K today to do the work done. And that is how it all goes. God bless the seller for keeping “Honey” going in such a wonderful way.
And here is the other truth. No one of us who own one of these beasts clearly needs the money to eat, or does his widow if thats the case. It’s more just cleaning out the barn for simplicity, cause you, me had some fun enjoying a passion, no different than a life of golfing, traveling and other pursuits that give emotional value rather than a financial return.