BREAKING NEWS – HAGERTY LAUNCHES FIRST-EVER CLASSIC BOAT PRICE GUIDE
We interrupt Curtiss day for breaking news. This has been in the works for some time and is a massive improvement for the hobby. Here is the release and link to the site.. AMAZING stuff..
Valuation Tools and Resources Focus on Vintage Boats Available to All Boating Enthusiasts
TRAVERSE CITY, Mich. (April 18, 2012) – Hagerty today announced a new online resource center to help classic boat owners more effectively determine the value of their vessels and understand the vintage marine marketplace. The Classic Boat Price Guide has been compiled by valuation experts utilizing a number of sources including private sales, auction data, insured values and contributions from classic boat dealers.
The first-ever guide is comprised of the most popular classic boats based on input from classic boat dealers and the Hagerty Marine database. Values and additional information such as production numbers and body type are broken down into marque-specific sections including Chris-Craft, Century, Gar Wood, Lyman and Riva, as well as others.
“Our goal with the Classic Boat Price Guide is to provide a one-stop-shop resource center for vintage boating enthusiasts,” says Carla Gernhofer, Vice President of Hagerty Marine. “Whether you’re looking to buy, sell or just want to better understand your current vessel, this tool is designed to be a comprehensive resource for classic boat owners and enthusiasts.”
The Hagerty Classic Boat Price Guide classifies boats into four value ranges, from “Fair” condition to “Bristol” condition. Values will be continually monitored and updated on a regular basis. Additional expert content, such as auction analysis and boats to watch, is planned for release in Summer 2012.
To experience the classic boat guide, or for more information, visit www.hagerty.com/valueyourboat.
Hagerty Classic Marine Insurance Agency, Inc.
Hagerty Insurance Agency, Inc. is the leading insurance agency for classic cars and boats in the nation. In addition to insurance for qualifying classic and wooden boats Hagerty offers a multitude of resources catering to the needs of classic car and boat enthusiasts including Hagerty Magazine, Hagerty Price Guide, and a youth outreach program called Operation Ignite! geared towards getting young people involved in this industry. For more information, call (800) 762-2628 or visit www.hagertymarine.com.
Here we go…. We encourage everyone to review and provide feedback, good, bad and ugly!!!!! We know there will be lots of comments and we actually are currently working on the first round of updates.
This project is being built by the same valuation team that does our classic car valuation center on our site. We hope to be able to follow the depth of information we have there, but it takes more sales data. We also encourage you to submit your sales information….Remember it must be rated on the 1-4 scale. This scale has received high approval from the key venders toward establishing a universal rating better suited to the classic boats than what is currently used by surveyors….so post your thoughts here, then send your thoughts to marine@hagerty,com We will respond to discuss all comments!!
Chris, your Century page has a glaring omission on it….the Award Winning Arabian of the early 70’s….I’d suggest you just put “priceless” down for it’s value. Other than that, the site looks great and will be a very useful tool for most of us.
First quick look, very nice and is very close if not right on the mark for values based on condition. GREAT JOB !! this will help every one involved in the hobby Thanks, steve and laurie
I see a 1946-1950 25′ Sportsman is worth $43,000 in A1 condition. This makes me a wizard, for turning ~$250,000 into less than $86,000 in the blink of an eye.
And for my next trick, watch me drink hemlock. Because when my wife sees this, that will be the easy way out!
Sorry, Chris. You know I appreciate Hagerty. But you can hardly blame me for some good natured fun while you work on the beta.
Hey Mayer, you know how they tee up a ball for golf? And you know how they tee up a baseball in t-ball? Dude, you just teed up a 1971 Arabian. Bear with me my friend while I choose my weapon.
While my 57 Century is somewhere between priceless and pocket change I’m pleased with your assessment. It’s a little higher than I would have guessed and since I’m installing a new interior I may need to adjust my valuation when my renewal comes up. Thank you Carla and Chris for the hard work.
Easy Alex….whatever you come up with you’ll have to remember that this is the Arabian that you lost to in the official Woodyboater Shootout. Say what you will…the people have spoken. You lost.
Also, if you have some extra time look on the Hagerty list and see what your turned your restoration $$ on the XK into….Looks like Tommy’s the only smart one in Hessel!
My knee jerk reaction owning a CC “47 17′ Deluxe Runabout, and a ’57 20′ Continental is that the prewar boat values are a little high, but the post war (1950″s) values are low. This may be more my knowledge of the market than reality, but that is my impression of at least some of your stated CC values.
wow! I am so lucky. I have two boats that did not make the list. One is a Tolly Craft 14ft runabout, the other a 1957 Century Colt. So I guess they must be priceless, meaning I am rich! Mike does that mean I have to come back to Portland and pay for all the wood I stole during the workshop?
Hey Mike, by my read, I’ve lost far less on the XK’s than this shows for the 25′ SPs. I think Chris and Carla are taking pity on my folly in Classic Glass. That, or, like you, they’re mocking me.
Re your highly-accoladed “Horse of Power,” take heart. My HAL didn’t make the cut either.
Well mine is priced at about what I expected. Luckily my wife only SUSPECTS what the restoration costs. Abra Cadabra -money disappears.
I guess using the numbers my Carver is grossly underinsured at 9k
Alex, I agree–the 25′ sportsman values are seriously incorrect. Otherwise, my other boats are fairly valued.
I would like to see values for the prewar 19 foot custom ( non barrel ) and the prewar 25 foot custom triple , steve
Is there a prize if anyone can guess the sort order? It is not by year, length or alphabetical by model.
It was done that way to protect us if our spouses should stumble on the site. But don’t worry there should be divorce lawyers advertising soon. “Do you know what your husband spent vs. what it’s worth? Call 1-800-Shake Him Down now! We will decipher the Hagerty list for you.”
I am about to spend thousands to build a workshop so I have space to spend thousands more to turn a $1.00 junky old grade 4 boat into a shiny grade 1 boat worth at least $1.99.
When my wife figures it all out, she will probably call the law offices of Messrs Smith and Wesson for one of those quick and dirty “instant divorces”.
I smell “code” here. With the notable omissions and some glaring incorrect valuations, I think what Hagerty is doing here is intentional. True, they are offering a new customer service. But it isn’t a buying / selling tool. It is called “cover,” my friends.
As the squeak toys say to Mr. Potato Head in Toy Story 2: “You have saved our lives. We are eternally grateful.”
Establishing high rates, for low value.
Well, at least we now have an “official” guide to illustrate how far under water some of us are…..I’ll be looking for one of those Jules Verne-era deeeeeep sea divers suits….
Here’s a picture of Alex when he got the bill for the restoration of his 25′ Sportsman. Ironically enough, it’s also a picture of Alex when he saw, earlier today, what his boat was worth!
Maybe he’s just hugging his new user lapstrake because he’s not going to worry about dings and making it 100 pts?
Now THAT”S Funny! A Zinger…
Ahhhh, do we need bodyguards?? but really, if anyone really wants to discuss an entry, or report a sales relating to one of the ratings, please email firstname.lastname@example.org I will pass on to the Valuation Team and they will contact to further discuss…… I am pushing to specifically address the bottom condition in the Ratings…we are thinking #3 has had bottom repairs / replacement more than 10 years old. #2 has had bottom repairs / replacement less than 10 years…. send your thoughts…!! We will be including a link to legal services for those of you may be victims of spousal discovery.
To clarify my above comment re “cover.” I did not mean to imply Hagerty was covering for their rates, which are reasonable. I meant they were providing us with “spousal” cover, by scrambling the valuations in their chart.
Seriously…post war 20′ Custom Runabout with a top value of 30k? I know of many that have sold for thousands more and were not near to being mint boats. What’s up with that?
Adding insult to injury the 20′ Riveria which was a scaled down version of the Custom has a comparative top value of 49K. What am I missing here?
Kerry, methinks this is in beta form and Hagerty will figure out how to shake it down and fine tune it in the months ahead.
Kerry, it kills me to do this but I think I have to agree with Alex. This program is in the early stages and I think they’ve decided to value based on reported sales. If a big sale isn’t reported it doesn’t get counted. I think that’s the only way to do it. They could obviously go off of ‘insured value’ but that is very subjective. Give it a year and I’ll bet the numbers settle in a little.
Having said all that, I was surprised at the value of the custom as well. It should be a bit higher.
I did not read everyone’s notes. But on the Century Page the glaring omission is the Coronado… one of the most expensive 20 or 21′ boats to restore.. Also on the same page it has 5 Resorter 16 from 1959 The 5 were fiberglass prototype test boats… only 2 known. the standard 59 Resorter 16 falls in the group… Actually the Resorter 16 group should be broken down into two categories… 1950-1956 and 1957 -1967.. Some years are more valuable than others… due to number built… and style changes… a 67 is worth more than a 60 just due to the fact that only 31 were built in 67 where 1960 had 375 built.. Also the price on the Chris Craft 30′ Custom Runabout … Only 2 know one in a museum . And 2 offers of over 250K have been made on a partially restored boat… which would be a 3 or 4 on the list…
what are the description of conditions… 1 2 3 4… I usually rate boats as excellent, very good , good/average, fair, poor, & pattern/gray
I think Hagerty has more costing of repairs and repacement values and info than most of us. Also due to the wide range of woody boats out there, they have to start somewhere , also Think averages in values . Lets help them out in creating a Blue Book Value Guide. Where is Matt?
I think its a fantastic start. the comment section here is being monitered by the folks at hagerty for sure and we are looking into the valuation of the 25 sportsman for sure. Its a fantastic start. And will grow. It woud be cool to see images of the boats. in the find out more section. Also a set up to reality. So folks that think that there boats are perfect are brought back to earth. And will help widows that have trasures know in a second that they have something special.. Hey wait a minute.. This is a horrible idea.. How am i supposed to get a deal anymore.. Not that i ever did. HA.
When I go the Hagety newsletter I was quite interested. Immediately I went to their web site and tried but it wasn’t ready. Now that I have seen it and played around I find it in the early stages of innovation and possib ly going in the right direction for the purposes of checking my coverage against what I think my boat is worth, repairs or total loss.
But I also noticed a couple flaws: In the Chris-Craft section one model was listed but didn’t have the correct list of engine options. Those engine options, especially the ones missing, make for some big pricing differences. In the Gar Wood section for a model the total number built was wrong but lumping different models together made the number close but still not right.
I like it but wonder if too much detail is incorporated or even consistently. I would suspect removing some of the detail and going for how Hagerty values the boat would be better. Adding to this a section covering prices of sold boats would help. Unfortunately all of this going towards price controls and allowing the politicians into the barn.
i was wondering the value of a 1957 15′ 9″ brunson or branson ob boat