Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > The Boating Forum
Reload this Page >

Afunday Spencer 74 underwater in Puerto Rico

Notices
The Boating Forum

Afunday Spencer 74 underwater in Puerto Rico

Old 08-06-2016, 02:38 PM
  #361  
Admirals Club Admiral's Club Member
THT sponsor
 
Join Date: May 2012
Location: Tequesta, Fl.
Posts: 1,142
Received 41 Likes on 29 Posts
Default

No way. Over a million just in motors. All new electrical, controls, interior, pumps, switches, breakers, etc

Plus a badly damaged foam boat that will be impossible to sell down the road

Originally Posted by Longhorn 16 View Post
I would think someone could have this thing like new for a 1.5 million investment.
Old 08-06-2016, 08:04 PM
  #362  
Senior Member
 
Join Date: Jan 2011
Location: Pgh Pa
Posts: 16,113
Received 1,322 Likes on 997 Posts
Default

Originally Posted by cape_fisherman View Post
would be the correct description...cold molded.
Old 08-07-2016, 06:40 PM
  #363  
Senior Member
 
Join Date: Mar 2012
Location: Beaufort NC
Posts: 5,067
Likes: 0
Received 29 Likes on 26 Posts
Default

Originally Posted by cape_fisherman View Post
would be the correct description...cold molded.
She is foam glass composite.
Old 08-07-2016, 06:42 PM
  #364  
Senior Member
 
Join Date: Mar 2012
Location: Beaufort NC
Posts: 5,067
Likes: 0
Received 29 Likes on 26 Posts
Default

Originally Posted by Longhorn 16 View Post
I would think someone could have this thing like new for a 1.5 million investment.
1.5 million wouldn't replace the drivetrain and the electrical system.

Maybe if you sugar coated it and put 6 , 350 hp Yamahas on the transom.
Old 08-07-2016, 07:23 PM
  #365  
Senior Member
 
Join Date: Jun 2014
Location: Middle Sound, NC
Posts: 8,914
Received 1,709 Likes on 1,094 Posts
Default

Ten hours of mechanic time after recovery would have saved a million bucks. Pretty good return on the effort.
Old 08-07-2016, 07:47 PM
  #366  
Senior MemberCaptains Club Member
 
Join Date: Jan 2002
Posts: 4,866
Received 920 Likes on 462 Posts
Default

Originally Posted by Corndog38 View Post
Ten hours of mechanic time after recovery would have saved a million bucks. Pretty good return on the effort.
Save a million and still lose 7.
Old 09-05-2016, 05:56 AM
  #367  
Junior Member
 
Join Date: Jan 2016
Posts: 14
Likes: 0
Received 1 Like on 1 Post
Default

Replace or rebuild the MTU's. Boat has little or no other damage other than hull and the water damage, a true testament to how Spencer makes their boats. Talked to guys at Spencer and they were very forthcoming about construction. Going to be a real nice boat for someone. If motors can be rebuilt for around 400K, project easily south of 1 million. What will buy it?
Old 09-05-2016, 06:16 AM
  #368  
Admirals Club
 
Join Date: Oct 2012
Location: 28 27.429'N. 89 51.154'W
Posts: 971
Received 1,790 Likes on 1,010 Posts
Default

Originally Posted by chaft23 View Post
Replace or rebuild the MTU's. Boat has little or no other damage other than hull and the water damage, a true testament to how Spencer makes their boats. Talked to guys at Spencer and they were very forthcoming about construction. Going to be a real nice boat for someone. If motors can be rebuilt for around 400K, project easily south of 1 million. What will buy it?
IF Spencer handles the rebuild, I would give it some serious thought. Would want an independent marine survey and a hell of a shakedown cruise/run, but should Spencer give it thumbs up, then I would
Old 09-05-2016, 06:53 AM
  #369  
Senior Member
 
Join Date: Nov 2009
Location: Jax, Fl
Posts: 4,391
Received 624 Likes on 385 Posts
Default

Originally Posted by Drobish View Post
IF Spencer handles the rebuild, I would give it some serious thought. Would want an independent marine survey and a hell of a shakedown cruise/run, but should Spencer give it thumbs up, then I would
It's already had one hell of a shakedown cruise
Old 09-05-2016, 07:11 AM
  #370  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2005
Location: VA Beach, VA
Posts: 2,056
Received 155 Likes on 88 Posts
Default

Read this. Anything is possible.

http://www.inthebite.com/2016/08/fro...l-tight-story/

Here it is the day it went down.
Attached Images  
Old 09-05-2016, 08:57 AM
  #371  
Admirals Club Admiral's Club Member
 
Join Date: Jul 2010
Location: Texas
Posts: 755
Received 510 Likes on 245 Posts
Default

If they gave it to me I still wouldn't want it.
Old 09-05-2016, 09:31 AM
  #372  
Senior Member
 
Join Date: Mar 2012
Location: Beaufort NC
Posts: 5,067
Likes: 0
Received 29 Likes on 26 Posts
Default

Originally Posted by DirtKat View Post
If they gave it to me I still wouldn't want it.
Old 09-06-2016, 09:08 AM
  #373  
Junior Member
 
Join Date: Jan 2016
Posts: 14
Likes: 0
Received 1 Like on 1 Post
Default

That is not the boat. The Spencer was stars and stripes blue and went down to the salon floor.
Old 09-07-2016, 05:21 AM
  #374  
Senior Member
 
Join Date: Jun 2010
Location: Delaware
Posts: 5,233
Received 174 Likes on 121 Posts
Default

Originally Posted by chaft23 View Post
That is not the boat. The Spencer was stars and stripes blue and went down to the salon floor.
If you clicked the article link....


It was a story about someone who purchased a boat that sunk, and restored it. He wasn't saying it was the spencer boat
Old 09-07-2016, 07:33 AM
  #375  
Senior MemberCaptains Club Member
 
Join Date: Jan 2002
Posts: 4,866
Received 920 Likes on 462 Posts
Default

"Here it is the day it went down" is pretty clear that he thought that was the boat, but its obviously not. Can you rebuild it? Sure. No way in HELL would I want it. You could get it out of the shop and everything could run perfect on day one and you'd still have constant nightmares. Not to mention that on one of these things is NEVER perfect even when brand new.

The only way I would even consider it is if you stripped it to the bare bones fiberglass (sounds like what those guys did in that article) and then replaced every piece of metal, wire, and fabric that was submerged in salt water. Especially now that it has sat out of the water and not been loved for at least a year. And that simply would not ever be cost effective (unless maybe you and your dad and a bunch of friends made it your full time job, like it sounds like they did in that article).

Heck, come to think of it, even if it hadn't been sunk, I wouldn't want a sporty that has sat on blocks for a couple years in the caribbean and not been touched.
Old 09-07-2016, 08:07 AM
  #376  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2005
Location: VA Beach, VA
Posts: 2,056
Received 155 Likes on 88 Posts
Default

Originally Posted by slipkid View Post
"Here it is the day it went down" is pretty clear that he thought that was the boat, but its obviously not.
"here it is the day it went down" is referring to the boat in the article I posted. Pretty clear you misinterpreted my writing.

I never said it was the sunken Spencer
Old 09-07-2016, 08:10 AM
  #377  
Admirals Club Admiral's Club Member
 
Join Date: Sep 2005
Location: VA Beach, VA
Posts: 2,056
Received 155 Likes on 88 Posts
Default

Originally Posted by chaft23 View Post
That is not the boat. The Spencer was stars and stripes blue and went down to the salon floor.
That is the boat that sunk and was restored in the article. Never said it was the Spencer that sunk on a reef near Puerto Rico.
Old 09-07-2016, 09:12 AM
  #378  
Senior Member
 
Join Date: Aug 2004
Location:
Posts: 127
Received 17 Likes on 7 Posts
Default

There was lots of convoluted stories about insurance or not and Spencer's roll in the delivery.
This was posted on Yacht Forms:

Update, The insurance company paid the owner in full for the boat, he's now in a Viking, I heard a 72'.... The Spencer will be sold for salvage, all parties involved, sea tow, the yard etc. we're paid in full... End of Story...

This sounds like a reasonable conclusion. Beautiful boat sad to see it in it's current condition. I'm sure it could have been salvaged if work began immediately but insurance, responsibility and location of the event prevented that.
Old 09-07-2016, 09:59 AM
  #379  
Senior MemberCaptains Club Member
 
Join Date: Feb 2002
Posts: 1,400
Likes: 0
Received 11 Likes on 9 Posts
Default

I wonder who's insurance?
I was told by someone who fishes with Paul himself that the owner did not have insurance on it.
I would assume Spencer's insurance paid all parties.

Interesting
Old 09-07-2016, 10:12 AM
  #380  
Senior Member
 
Join Date: Jul 2013
Location: Ted Kennedy's Socialist Utopia, The Peoples Republik of Massachusetts
Posts: 717
Likes: 0
Received 20 Likes on 12 Posts
Default

And the boat is a mess. Saw it in person

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.